Macro-Financial Linkages in the Pacific Region
Coordonnateur : Kohsaka Akira
Growth perspectives in emerging market economies are increasingly dependent on international capital flows in recent decades because of their influences on business cycles. In fact, volatile international capital flows has been one of the main concerns for the macroeconomic policy authorities. Focusing on emerging economies in the Pacific region, this book reveals how they are different from those in other regions in terms of international macro-financial linkages to the global capital market and domestic financial development,.
The book also discusses how these characteristics have interacted with their macroeconomic policy regimes and their macroeconomic performance throughout the two major international financial crises in the past more than two decades. It suggests facts that have strengthened the resilience of these emerging economies in the Pacific region against the global financial crisis along with the intensified intra-regional economic integration through trade and investment. The book also examines their macroeconomic management focusing on monetary policy regimes and suggests that their factual unorthodox policies with exchange rate management and capital controls have contributed to their resilience against the intrinsic volatility of the international capital market and financial flows.
Introduction, Akira Kohsaka 1. Macro-financial Linkages and Financial Deepening: An overview, Akira Kohsaka 2. Macro-financial Linkage and Financial Deepening in China after the Global Financial Crisis, Kumiko Okazaki and Tomoyuki Fukumoto 3. Global Financial Crisis and Macroprudential Policies: Financial perspective on the Philippines, Cayetano W. Paderanga, Jr. 4. Macro-Financial Linkages and Financial Deepening: The case of Thailand, Chaiyasit Anuchitworawong 5. The Global Financial Crisis and Macro-Financial Linkage: The case of Chinese Taipei, Sheng-Cheng Hu 6. Monetary Policy Regimes in the Pacific Region: An overview, Akira Kohsaka 7. Monetary Policy Frameworks in Asia: Experience, lessons and issues, Peter J. Morgan 8. China’s Monetary Policy Regime, Dongmin Liu and Zhenxin Zhu 9. The Monetary Policy Regime in Indonesia, Solikin M. Juhro and Miranda S. Goeltom 10. A Macroprudential Perspective in Central Banking, Shigenori Shiratsuka
Akira Kohsaka has been affiliated with School of International Studies, Kwansei Gakuin University, Nishinomiya, Japan, since 2011. He received his PhD in Economics at Stanford University in 1984. He had worked for Institute of Developing Economies, Tokyo (1975-88), Kyoto University (1988-94) and Osaka University (1994-2011). His major research fields include international economics and development economics. he had also taken on other roles such as President of East Asian Economic Association (2012-), the editor of Asian Economic Journal (2001-2006), and international steering committee member of Pacific Forum for Trade and Development (PAFTAD) (1998-).
Date de parution : 03-2015
15.6x23.4 cm
Disponible chez l'éditeur (délai d'approvisionnement : 14 jours).
Prix indicatif 178,41 €
Ajouter au panierDate de parution : 04-2017
15.6x23.4 cm
Thèmes de Macro-Financial Linkages in the Pacific Region :
Mots-clés :
Global Fi Nancial Crisis; Fi Nancial System; Asian economies; Macroprudential Policy; Banking systems; Asian Fi Nancial Crisis; Banking and finance; Domestic Fi Nancial Systems; Macroeconomic policies; Fi Nancial Intermediation; Macroeconomics; Fi Nancial Sector; Financial crisis; Fi Nancial System Stability; Fi Nancial Crisis; Monetary Policy Frameworks; It; Monetary Policy Regime; CEIC Data; Fi Nancial Markets; Fi Nancial Stability; Regional Fi Nancial Cooperation; Bank Indonesia; Fi Nancial Imbalances; Domestic Fi Nancial; Fi Nancial Linkages; Recent Global Fi Nancial Crisis; ITF; Macroprudential Perspective; Infl Ation; Current Global Fi Nancial Crisis