Financial Markets and Policies in East Asia. [electronic resource]
- 1st ed.
- 1 online resource (358 pages)
- Routledge Studies in the Growth Economies of Asia .
- Routledge Studies in the Growth Economies of Asia .
Book Cover -- Half-Title -- Title -- Copyright -- Contents -- Figures -- Tables and boxes -- Contributors -- Preface -- Abbreviations -- 1 Debating financial markets and policies in East Asia -- 2 Recent developments in Asian financial markets -- 3 Patterns of bank intermediation and structure: a Korean perspective -- 4 Private capital flows in East Asia: boom, bust and beyond -- 5 Bank and corporate restructuring in crisis-affected East Asia: from systemic collapse to reconstruction -- 6 The boom, bust and restructuring of Indonesian banks -- 7 Financial market liberalisation and economic stability in China -- 8 Securing consistency in macroeconomic policy -- 9 Fixed or floating: is it still possible to manage in the middle? -- 10 The viability of inflation targeting for emerging market economies -- 11 Comparing monetary policy operating procedures in Indonesia, Korea, Malaysia and Thailand -- 12 Does a formal common-basket peg in East Asia make economic sense? -- 13 Subregional currency union-Japan and Korea -- 14 An Australia-New Zealand currency union -- Index.
While the financial crisis in East Asia could be said to be on the wane in some countries, the reconstruction process in the aftermath and the debate about the financial policies best suited to the region still rages on. This book examines both of these processes in authoritative detail. It includes critical assessment of: * the post-crisis state of financial markets * the banking and corporate restructuring process, with special focus on Indonesia * the policy debates currently going on in East Asia, including monetary policy; exchange rate systems and the scope for financial cooperation * East Asia's debt and equity markets The well-respected contributors including Claudio Borio, Hae Wang Chung, Guy Debelle, Reuven Glick, Robert McCauley and Eisuke Sakakibara, have produced a book that will be influential around the world.