Financial Development and Cooperation in Asia and the Pacific PAFTAD (Pacific Trade and Development Conference Series) Series
Coordonnateurs : Chen Edward K. Y., Dobson Wendy
The 1997?8 Asian financial crisis exposed weaknesses in the region?s national financial systems, but since then East Asia has become the world?s most dynamic economic region. Domestic financial systems have developed, cross-border financial flows within the region are growing apace as demand from governments and large firms increases and as the capabilities of financial institutions develop, and governments have initiated regional cooperation aimed at preventing future crises and managing them if they occur.
This book examines the economies of Asia and the Pacific with reference to financial reform and liberalization, monetary policy frameworks, banking and capital markets, regulation and supervision and macroeconomic policies. Further, it asks what lessons have been learned from both the Asian financial crisis and the recent financial crisis, how to engender financial stability in the region, and how to ensure that the benefits of economic growth and financial development reach all members of society. Across four key sections, the chapters examine the future implications of historical studies of the relationships between financial development and growth; financial development including banks, non-bank financial institutions and capital markets; how financial stability is being sought in the region; and China?s plans for capital account opening and renminbi internationalization and subsequent the policy implications for China?s neighbours.
This book draws on papers originally presented to the 36th Pacific Trade and Development Conference held in Hong Kong in 2013, and features contributions from leading academics and economists from around the world. As such, it will be of great interest to students and scholars of Asian economics, Asia Pacific studies, international economics and international finance.
1. Introduction: Financial development in Asia—work in progress2. Financial development and economic growth: the long view 3. Is Basel III enough for macroprudential policy in Asia and the Pacific? 4. Capital market development in the Asia–Pacific region 5. Monetary policy in Asia and the Pacific in the post-, post-crisis era 6. The Chiang Mai Initiative and the future of East Asian regional macroeconomic and financial cooperation 7. Financial development in Asia: beyond aggregate indicators 8. China’s capital account liberalization9. Use of national currencies for trade settlement in East Asia: a proposal
Edward K. Y. Chen is a Distinguished Fellow at the Hong Kong Institute for Humanities and Social Sciences, University of Hong Kong and board member at the Hong Kong Institute for Monetary Research.
Wendy Dobson is an Adjunct Professor and Co-Director for the Institute of International Business at the University of Toronto, Canada and former Canadian Associate Deputy Minister of Finance.
Date de parution : 05-2017
15.6x23.4 cm
Disponible chez l'éditeur (délai d'approvisionnement : 14 jours).
Prix indicatif 58,78 €
Ajouter au panierDate de parution : 11-2014
15.6x23.4 cm
Thèmes de Financial Development and Cooperation in Asia and the... :
Mots-clés :
nance; system; markets; capital; account; liberalization; stability; trade; intermediaries; renminbi; Basel Iii; Renminbi Internationalization; Capital Account Liberalization; Net Capital Infl Ows; Domestic Fi Nancial; Short Term Cross-border Capital; Fi Nancial System; Fi Nancial Markets; Macroprudential Policies; Countercyclical Capital Buffer; China’s Capital Account; CMIM; Renminbi Trade Settlement; Cross-border Capital Flows; Asian EMEs; Emerging Market Central Banks; Long Term Interest Rates; Great Moderation Period; Stock Market Price Indexes; QFII Scheme; Interest Rate Arbitrage; CNH Market; IR Holding; Risk Free Yield Curve; Capital Market Development