A New Financial Market Structure For East Asia PDF Download
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Author | : Yŏng-chʻŏl Pak |
Publisher | : Edward Elgar Pub |
Total Pages | : 548 |
Release | : 2005 |
Genre | : East Asia |
ISBN | : |
Download A New Financial Market Structure for East Asia Book in PDF, ePub and Kindle
This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia's dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia. Against this economic background, the contributors make recommendations for the establishment of effective and stable capital recycling in East Asia. The financial intermediary function of the regional financial centers - Hong Kong, Singapore and Tokyo - is evaluated. Discussion focusses on the issues of building an organic network between the financial markets of major economies in the region and enhancing the future role and function of those regional financial centres. The policy implications of the future development of regional financial markets - based on regional financial networks - that could potentially act as intermediaries between the high savings and productive sectors in East Asia are also examined. Concentrating on the major issues identified as central to building a new financial market structure in East Asia, this book will be appeal to those with a special interest in Asian studies and financial economics.
Author | : Seiichi Masuyama |
Publisher | : Institute of Southeast Asian Studies |
Total Pages | : 392 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9789813055964 |
Download East Asia's Financial Systems Book in PDF, ePub and Kindle
Financial systems in the East Asian region are commanding worldwide attention. Japan's financial sector, with an ailing banking system in the aftermath of a bubble economy, is undergoing a "Big Bang" deregulation, liberalization, and securitization. At the same time, the rehabilitation of Southeast Asian and Korean economies in the wake of the Asian financial crisis awaits restoration of their banking sectors. The region's bank-dominated and development finance-oriented financial systems are coming into friction with global capital markets that lack adequate architecture. In this volume, researchers from ten East Asian think- tanks analyse the financial systems in their respective economies. They survey the financial sector deregulation and liberalization that took place in the midst of economic booms and they evaluate the role of the financial systems in the region's current economic misfortunes. Together, the pieces in this volume lay the groundwork for understanding how financial systems in East Asia have evolved as the economies have grown more complex and capital markets have globalized, and how these systems must adapt to move beyond today's crisis to serve the region's economies in the future.
Author | : Swati R. Ghosh |
Publisher | : World Bank Publications |
Total Pages | : 234 |
Release | : 2006-01-01 |
Genre | : Business & Economics |
ISBN | : 0821367447 |
Download East Asian Finance Book in PDF, ePub and Kindle
This study analyzes the key issues and constraints -- in terms of efficiency, access and safety and soundness -- faced by East Asian countries in developing their financial markets which are at different stages of development, drawing on global experience. The study takes stock of the initiatives being undertaken at the regional level to foster greater financial integration as a means of deepening and diversifying financial markets, and on the policy issues that need to be addressed at the domestic level to deepen and diversify financial markets and to actually benefit from the actions that are being taken at the regional level.
Author | : Joseph P. H. Fan |
Publisher | : Psychology Press |
Total Pages | : 424 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : 9780415322546 |
Download Designing Financial Systems in East Asia and Japan Book in PDF, ePub and Kindle
This collection discusses the role of financial institutions and markets in East Asian and Japan, corporate governance and new technology and how to redesign the East Asian and Japanese financial systems.
Author | : Yung Chul Park |
Publisher | : Oxford University Press |
Total Pages | : 190 |
Release | : 2010-07 |
Genre | : Business & Economics |
ISBN | : 0199587124 |
Download Monetary and Financial Integration in East Asia Book in PDF, ePub and Kindle
The book analyses the Asian experience from both Asian and European perspectives.
Author | : Masayuki Susai |
Publisher | : World Scientific |
Total Pages | : 189 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : 9814343374 |
Download Studies on Financial Markets in East Asia Book in PDF, ePub and Kindle
This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic growth and emerging performance of the financial markets in the East Asian countries. It introduces newly developed financial products, institutions, governance mechanism, banking policy changes and their implications in the East Asian economies, and discusses the way forward for these economies with recommendations for policy implications. It also contains suggestions for other developing countries trying to achieve rapid growth.
Author | : Yŏng-chʻŏl Pak |
Publisher | : 대외경제정책연구원 |
Total Pages | : 66 |
Release | : 2003 |
Genre | : Banks and banking |
ISBN | : |
Download Finance and Economic Development in East Asia Book in PDF, ePub and Kindle
Author | : Ky Cao |
Publisher | : Routledge |
Total Pages | : 354 |
Release | : 1995-11-16 |
Genre | : Business & Economics |
ISBN | : 1134806167 |
Download The Changing Capital Markets of East Asia Book in PDF, ePub and Kindle
The contributors look at the growing sophistication of capital markets in East Asia and discuss the possible economic and political consequences.
Author | : Michael Devereux |
Publisher | : Taylor & Francis |
Total Pages | : 342 |
Release | : 2011-05-03 |
Genre | : Business & Economics |
ISBN | : 1136847626 |
Download The Dynamics of Asian Financial Integration Book in PDF, ePub and Kindle
The ongoing global financial crisis has manifested a remarkable degree of global financial integration—and its implications—for emerging Asian financial markets. The current crisis will not and should not deter the progress that the region has made toward financial openness and integration. However, events like this clearly demonstrate that financial liberalization and integration is not without risks. Hence, emerging Asian economies' growing financial ties have motivated us to look closer at the repercussions of increased financial integration and evaluate the benefits of risk sharing and better access to international capital markets against the costs of cross-border financial contagion. The crisis also presents a timely opportunity for the region’s policy makers to rethink their strategies for financial deregulation and liberalization and to reconsider a next step to integrate emerging East Asia’s financial markets further. However, doing so requires deeper understanding of financial market integration. While much has been said in both academic and policy circles about financial globalization and regional financial integration as separate areas of study, existing research has been relatively silent on the dynamics between these two distinctive forces. The book addresses this gap in financial literature and assesses financial integration in emerging East Asia at both regional and global levels. The publication studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration, (ii) understanding dynamics of regional financial integration versus global financial integration, and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by the book.
Author | : Jongkyou Jeon |
Publisher | : KIEP |
Total Pages | : 68 |
Release | : 2005 |
Genre | : Capital market |
ISBN | : |
Download Financial Market Integration in East Asia Book in PDF, ePub and Kindle