Author : Yung Chul Park
Publisher : Harvard University Press
Page : 375 pages
File Size : 11,26 MB
Release : 2021-03-30
Category :
ISBN : 9780674251281
Korea's financial development has been a tale of liberalization and opening but the new system has failed to steer the country away from financial crises. This study analyzes the changes in the financial system and finds that financial liberalization has contributed little to grow and stabilize the Korean economy.
Author : Jomo Kwame Sundaram
Publisher : Hong Kong University Press
Page : 276 pages
File Size : 15,47 MB
Release : 1998-01-01
Category : Capital market
ISBN : 9789622094758
This important book provides a cogent critique of the nature of Southeast Asian capitalism. It argues powerfully that the crises are due not to excessive regulation, but to too much financial liberalisation and a consequent undermining of monetary and fis
Author : Jikon Lai
Publisher : Springer
Page : 405 pages
File Size : 43,55 MB
Release : 2012-06-19
Category : Social Science
ISBN : 1137265337
In light of the Asian financial crisis of 1997, Lai examines whether East Asian economies converged onto the liberal market model by studying the evolution of the financial sectors of Korea, Malaysia and Thailand. This includes sectoral diversification, the nature of competition, and the regulatory and supervisory frameworks.
Author : Tony Cavoli
Publisher : Routledge
Page : 331 pages
File Size : 11,1 MB
Release : 2020-05-07
Category : Business & Economics
ISBN : 1000067416
Since the 1990s, several emerging market and developing economies (EMDEs) have, to varying degrees, embraced the process of financial globalisation, broadly defined as a set of policies that involve allowing for greater openness to cross-border capital flows as well as greater market access to foreign financial institutions. This book provides a systematic empirical analysis on the complex interactions between financial sector development, macroeconomic and financial stability in EMDEs in general and those in the Asian region in particular. The book consists of three sections pertaining to monetary and exchange rate policies under financial globalisation; financial inclusion and macroeconomic policies in the context of financial liberalisation; and finally, the dynamics of foreign direct investment flows and their real impacts in EMDEs. Each of the chapters analyse important economic policy issues of contemporary relevance and is informed by data and rigorous empirical analysis. The book will be appealing to anyone interested in exploring the implications of a key set of issues emanating from financial globalisation on EMDEs in a rigorous but readable manner.
Author : Muhammad Shahbaz
Publisher : Springer Nature
Page : 245 pages
File Size : 10,26 MB
Release : 2021-09-21
Category : Business & Economics
ISBN : 3030790037
This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.
Author : Gerard Caprio
Publisher : Cambridge University Press
Page : 320 pages
File Size : 43,16 MB
Release : 2001-10-08
Category : Business & Economics
ISBN : 0521803691
This volume provides a rounded view of financial liberalization after the collapses in East Asia.
Author : H. Chang
Publisher : Springer
Page : 307 pages
File Size : 25,94 MB
Release : 2001-06-11
Category : Business & Economics
ISBN : 0230518621
The financial crisis that hit a number of 'miracle' economies of Asia in 1997 shocked the world. Financial Liberalization and the Asian Crisis rejects conventional explanations of the crisis as the outcome primarily of inefficient and corrupt economics systems in the countries concerned. It argues that the crisis was the result of premature and overly rapid financial liberalization in a world of increasing financial liquidity and volatility, and calls for a more cautious approach to financial liberalization, and a reform of the international financial architecture.
Author : Shiro Armstrong
Publisher : ANU Press
Page : 315 pages
File Size : 42,10 MB
Release : 2018-01-08
Category : Political Science
ISBN : 1760461768
The Pacific Trade and Development (PAFTAD) conference series has been at the forefront of analysing challenges facing the economies of East Asia and the Pacific since its first meeting in Tokyo in January 1968. The 38th PAFTAD conference met at a key time to consider international economic integration. Earlier in the year, the people of the United Kingdom voted to leave the European Union and the United States elected Donald Trump as their next president on the back of an inward-looking ‘America First’ promise. Brexit and President Trump represent a growing, and worrying, trend towards protectionism in the North Atlantic countries that have led the process of globalisation since the end of the Second World War. The chapters in the volume describe the state of play in Asian economic integration but, more importantly, look forward to the region’s future, and the role it might play in defending the global system that has underwritten its historic rise. Asia has the potential to stand as a bulwark against the dual threats of North Atlantic protectionism and slowing trade growth, but collective leadership will be needed regionally and difficult domestic reforms will be required in each country.
Author : Malcolm Cook
Publisher : Routledge
Page : 175 pages
File Size : 11,35 MB
Release : 2008-05-13
Category : Business & Economics
ISBN : 1134125135
Providing a detailed account of the history of banking reform in Southeast Asia, this book analyzes the major developments in the global economic system over the past three decades, including the globalization of finance, the debt crisis of the 1980s and the 1997-1998 Asian financial crisis.
Author : Prema-chandra Athukorala
Publisher : Routledge
Page : 221 pages
File Size : 48,75 MB
Release : 2012-05-23
Category : Business & Economics
ISBN : 1136697837
The link between trade liberalisation and poverty has arguably been one of the most debated topics in development policy debate. Existing studies on the subject have primarily used multi-country cross-sectional data, and there is a growing concern about the limitations of this approach in providing a sound empirical basis for informing the policy debate. These limitations point to the need for undertaking in-depth analyses within individual countries over time. In order to examine the connection between trade liberalisation and poverty, this book provides case studies of trade policy reforms and poverty reduction outcomes of seven countries in South Asia - Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. The South Asia region allows for an excellent comparative study given the widespread emphasis on liberalisation reforms in the region over the past two decades, as well as highlighting significant inter-country differences in terms of the timing and comprehensiveness of reforms, and the heavy concentration of world poverty in the region. This book is a useful contribution to studies on South Asia, as well as International Trade and Development Economics.
