Capital Flows, Macroeconomic Management and Regional Cooperation in Asia
Author :
Publisher : 대외경제정책연구원
Page : 212 pages
File Size : 22,79 MB
Release : 2008
Category : Asia
ISBN :
Author :
Publisher : 대외경제정책연구원
Page : 212 pages
File Size : 22,79 MB
Release : 2008
Category : Asia
ISBN :
Author : Masahiro Kawai
Publisher : Edward Elgar Publishing
Page : 465 pages
File Size : 27,74 MB
Release : 2010-01-01
Category : Business & Economics
ISBN : 184980687X
Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining consistent with the goals of macroeconomic and financial sector stability. Building on this analysis, the book presents options for workable national policies and regional policy cooperation, particularly in exchange rate management. Containing chapters that bring in international experiences relevant to Asia and other emerging market economies, this insightful book will appeal to policymakers in governments and financial institutions, as well as public and private finance experts. It will also be of great interest to advanced students and academic researchers in finance.
Author : Tony Cavoli
Publisher : Hong Kong University Press
Page : 249 pages
File Size : 47,84 MB
Release : 2009-06-01
Category : Business & Economics
ISBN : 9622090532
With the rise of China, India and the re-emergence of East Asia from the financial crisis of 1997–98, monetary issues in Asia have acquired great significance as the region holds the largest reserves in the world and consequently plays a major role in the global macro-economy. In addition, there are also a great variety of monetary policy regimes at play in the region – reflecting each country's needs and policy preferences. This volume explores monetary, exchange rate and macroeconomic policies in Asia. A particular question that is analysed is Asia's experience since the crisis with the use of monetary policy to manage the resurgence in capital inflows. It also examines the theoretical and policy issues associated with international capital flows, the increasing degree of integration of financial markets and exchange rates for emerging Asian economies. The book is unique in focussing on China, India and Southeast Asia, rather than just having a sub-regional or country-specific focus. Rigorous empirical analysis is applied to important practical policy issues. The book also provides accessible overviews of recent research relevant to the questions that are explored and is written throughout in a manner that is accessible to policy makers, students and business/financial journalists.
Author : Asian Development Bank
Publisher : Asian Development Bank
Page : 120 pages
File Size : 35,81 MB
Release : 2020-10-01
Category : Business & Economics
ISBN : 9292624199
The Asian financial landscape has grown more interconnected over the past 2 decades. Previous financial crises have shown how financial volatility can transmit rapidly across an interconnected financial network. Empirical analyses have shown, moreover, how financial volatility can reverberate across the macroeconomy. This report summarizes the lessons from past crises, reviews the evidence of the macrofinancial linkages and feedback effects of financial distress, and proposes policy considerations and coordinated responses to enhance financial stability and resilience.
Author : Masahiro Kawai
Publisher : Edward Elgar Publishing
Page : 321 pages
File Size : 39,88 MB
Release : 2012-01-01
Category : Business & Economics
ISBN : 0857933353
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.
Author : James Villafuerte
Publisher :
Page : 44 pages
File Size : 16,46 MB
Release : 2015
Category :
ISBN :
Author : Mr.Harald Finger
Publisher : International Monetary Fund
Page : 76 pages
File Size : 49,76 MB
Release : 2019-10-14
Category : Business & Economics
ISBN : 1513516841
This paper looks empirically at some economic effects of volatile exchange rates and financial conditions and examines policy responses for managing such volatility. It also sheds light on some economic costs that stem from volatile capital flows and exchange rates and analyzes how countries deploy their policy toolkits in response. The data-driven analysis should contribute to ongoing reflections about how to manage volatile capital flows and exchange rates both in Asian EMEs and more broadly.
Author : Takatoshi Ito
Publisher : University of Chicago Press
Page : 404 pages
File Size : 49,23 MB
Release : 2009-02-15
Category : Business & Economics
ISBN : 0226387011
The volume of capital flows between industrial and developing countries has grown dramatically in the past decade and has become a major issue in a world that is increasingly "globalized." Here Takatoshi Ito and Anne O. Krueger, two leading experts on this topic, have assembled a group of scholars who address different types of capital flows—bank lending, bonds, direct foreign investment—and the implications they hold for economic performance. With its particular focus on the Asian financial crises, this work presents a new model for policy makers everywhere in thinking about the role of private capital flows.
Author : Dilip K. Das-Gupta
Publisher : Springer Science & Business Media
Page : 328 pages
File Size : 34,61 MB
Release : 2006-03-30
Category : Business & Economics
ISBN : 0387233830
This book offers the newest knowledge related to relevant themes on the Asian economies as well as the latest concepts. In a succinct manner, it deals with the principal normative and positive strands with which one need to be properly familiar in this subject area. The tightly written volume covers a great deal of ground and imparts knowledge on the Asian economy related themes to students, researchers and policy makers alike.
Author : Haruhiko Kuroda
Publisher :
Page : 48 pages
File Size : 26,9 MB
Release : 2002
Category : Asian cooperation
ISBN :
"This paper argues that a regional financial architecture needs to be firmly established in East Asia, outlines recent developments in financial cooperation in the region, and provides possible directions for the future". -- p. 1.