The Asean Charter


Book Description




ASEAN Financial Integration


Book Description

The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN’s financial integration and prospects. ASEAN integration could accelerate in the years ahead; it will likely be a safe, gradual process consistent with the “ASEAN way” of consensus decision-making. Properly phased and sequenced, closer financial integration has the potential to help increase real incomes and accelerate real convergence within ASEAN and narrow the region’s gap with advanced Asia. Realizing the promise of financial integration will require ASEAN countries to make long-term investments in financial infrastructure. Policymakers can draw on the experience of their more advanced peers and of other regions. Gradualism and safeguards should not be excuses for inaction or financial protectionism. Reliance on flexible policy frameworks and a strengthened and tested regional financial safety net should be part of the agenda. Closer engagement with the Fund could also help.




ASEAN 2.0


Book Description

This study is not merely about making ASEAN more effective. By looking at how ICT - with its ability to overcome distance and time - could be a tool for enabling effective non-state actors in regional rule making, it also contributes to the literature on Global eGovernance.




ASEAN's External Agreements


Book Description

The first book to focus in depth on ASEAN's external relations, written by leading globally-based scholars.




Malaysia


Book Description

This report discusses Malaysia’s economic accomplishment and other economic reforms. Malaysia has attained a strong growth in 2012, and a robust growth is expected in the next term. The financial position of Malaysia is sound and supported by a strong regulatory framework with high bank capitals, international reserves, and refined monetary and financial policies. Fiscal policies need to be restructured, and public financial management needs to be strengthened to deal with risks. The authorities expected Malaysia to be a high-income nation by 2020.




Contested Multilateralism 2.0 and Asian Security Dynamics


Book Description

In the 1990s there was a wave of multilateralism in the Asia Pacific, led primarily by ASEAN. Since the Global Financial Crisis of 2008, however, many non-ASEAN states have attempted to seize the initiative, including the USA, Japan, China, South Korea, and Australia. Kai He and his contributors debate the reasons for this contested multilateralism and the impacts it will have on the region’s security and political challenges. Will the "Indo-Pacific turn" be a blessing or a curse for regional stability and prosperity? Using a diverse range of theoretical and empirical perspectives, these leading scholars contribute views on this question and on the diverse strategies of the great and middle powers in the region. This collection will be of great interest to scholars and students of international relations in the Asia Pacific and of great value to policy makers in the region and beyond.




ASEAN Champions


Book Description

This book examines successful firms operating within the ASEAN Economic Community, their reasons for success, and their role in regional integration.




ASEAN Exchange Rates


Book Description

This book examines the experience of the ASEAN countries in the post-Bretton Woods era - the period of generalized currency float. It outlines the major developments in the exchange rate policies of the ASEAN countries in the 1970s and analyses the movements of the effective exchange rates (both in terms of the trend and short-run variability) and their sources. The study shows that the increased exchange rate risk (variaibility) experienced by the ASEAN countries during the generalized floating period has had an anti-trade bias - reduced volume of imports. On the export side, simulations of world trade models for various commodities are carried out, and these indicate that multilateral changes in real exchange rates in the present international monetary system had adversely affected the major primary exports of the ASEAN countries. In the final chapter, the policy implications of the major findings are discussed.




The ASEAN Way


Book Description

The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.




Trauma To Triumph: Rising From The Ashes Of The Asian Financial Crisis


Book Description

This book takes stock of and analyzes the events during the Asian financial crisis (AFC) and subsequent developments, including the global financial crisis (GFC), that led to the development of the ASEAN+3 regional financial cooperation framework and the establishment of the ASEAN+3 Macroeconomic Research Office. The book is the first of its kind to compile comprehensive recollections of the major players during the AFC and the GFC, including country-level narratives on the causes and developments of the crises, and measures to overcome them. The book not only presents an analytical and deeper examination of country experiences during both crises, but also assesses the two crises and covers the lessons learnt from the crises, particularly with a focus on the development of regional financial cooperation. The book concludes with regional financial cooperation in retrospect, aiming to catalyze further discussions on the direction of the region's financial cooperation.