Future Directions for Monetary Policies in East Asia


Book Description

A range of prominent academic, central-bank and other policy economists participated in the 2001 conference. One paper for the conference was written by a Bank economist, Guy Debelle. The remaining four papers were written by well-known international economists: Robert McCauley from the Bank for International Settlements' Asian and Pacific Office, Hong Kong; John Williamson from the Institute for International Economics, Washington, DC; Charles Wyplosz from the Graduate Institute of International Studies, Geneva; and Andrew Coleman from the University of Michigan. Discussants included the governor of the Reserve Bank of New Zealand, economists from two other central banks, and academics from Australia, Japan and the United States.







Future Directions for Monetary Policies in East Asia


Book Description

A range of prominent academic, central-bank and other policy economists participated in the 2001 conference. One paper for the conference was written by a Bank economist, Guy Debelle. The remaining four papers were written by well-known international economists: Robert McCauley from the Bank for International Settlements' Asian and Pacific Office, Hong Kong; John Williamson from the Institute for International Economics, Washington, DC; Charles Wyplosz from the Graduate Institute of International Studies, Geneva; and Andrew Coleman from the University of Michigan. Discussants included the governor of the Reserve Bank of New Zealand, economists from two other central banks, and academics from Australia, Japan and the United States.




East Asia's Monetary Future


Book Description

Leading scholars from East Asia, Europe and the US contribute new insights to the key questions facing the organization and future of the monetary system in East Asia. Central questions discussed and analysed in the book include, amongst others: should the region move towards monetary union? Should countries peg their exchange rates to the US dollar? Is complete dollarization an option for East Asia? The authors argue that, having realized price stability over the last twenty years, in contrast to Latin America and Africa, the next logical step would be the gradual formation of various currency blocs within the region. This comprehensive discussion of the fundamental issues at stake will ensure the book's appeal to academics and researchers of Asian studies and financial economics. Financial experts working in this area and policymakers will also find much of interest to them within this book.




Strengthening Regional Financial Cooperation in East Asia


Book Description

"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.




Global Trends 2040


Book Description

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.




Future Trends in East Asian International Relations


Book Description

The world has undergone significant change since the end of the Cold War. One such development is that the Asia-Pacific has become increasingly prominent in international affairs. This comprehensive study provides a detailed understanding of key issues, actors and future trends in the region.




Central Banking and Financial Stability in East Asia


Book Description

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.




Prospects for Monetary Cooperation and Integration in East Asia


Book Description

East Asian countries were notably uninterested in regional monetary integration until the late 1990's, when the Asian financial crisis revealed the fragility of the region's exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. In this book Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. --