› › Financial Big Bang In Asia

Financial Big Bang in Asia

Author : Masayoshi Tsurumi

Publisher : Routledge

Page : 342 pages

File Size : 30,55 MB

Release : 2019-07-23

Category : Social Science

ISBN : 1351763199

Get eBook

Book Description

This title was first published in 2001. The east Asian economies enjoyed "miraculous" economic growth in the 1990s, and were expected to prosper into the 21st century. However, this was not to be, there was a financial crash in the summer of 1997. The crisis spread from Thailand to the ASEAN economies, and then by the autumn it had reached the northeast Asian economies. Discussions on the causes of the crisis cover a wide variety of possible culprits: hedge funds, foreign exchange policy, dependence on foreign capital, bubble economies, corporate governance, underdeveloped financial markets, and so on. This book focuses on the Asian financial crisi from the long-term perspective of development of financial reform in Asia. The purpose of this book is to analyze and assess the financial crisis in the different Asian economies by comparing them from the point of view of long-run financial system reform, and to consider the future prospects of financial reform in Asia.



Financial Big Bang in Asia

Author : Masayoshi Tsurumi

Publisher :

Page : pages

File Size : 42,77 MB

Release : 2017

Category : Electronic books

ISBN : 9781315195155

Get eBook

Book Description

"This title was first published in 2001. The east Asian economies enjoyed "miraculous" economic growth in the 1990s, and were expected to prosper into the 21st century. However, this was not to be, there was a financial crash in the summer of 1997. The crisis spread from Thailand to the ASEAN economies, and then by the autumn it had reached the northeast Asian economies. Discussions on the causes of the crisis cover a wide variety of possible culprits: hedge funds, foreign exchange policy, dependence on foreign capital, bubble economies, corporate governance, underdeveloped financial markets, and so on. This book focuses on the Asian financial crisi from the long-term perspective of development of financial reform in Asia. The purpose of this book is to analyze and assess the financial crisis in the different Asian economies by comparing them from the point of view of long-run financial system reform, and to consider the future prospects of financial reform in Asia."--Provided by publisher.



East Asia's Financial Systems

Author : Seiichi Masuyama

Publisher : Institute of Southeast Asian Studies

Page : 392 pages

File Size : 28,99 MB

Release : 1999

Category : Business & Economics

ISBN : 9789812300058

Get eBook

Book Description

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.



Japan's Big Bang

Author : Declan Hayes

Publisher : Tuttle Publishing

Page : 297 pages

File Size : 17,67 MB

Release : 2011-09-13

Category : Business & Economics

ISBN : 1462902006

Get eBook

Book Description

Japan's national economy: understanding the history of the current crisis and proposing a path forward The consistent failure of the Japanese bureaucracy and business establishment to meet proper management and regulatory standards has made America's premier ally in Asia a major source of financial instability in today's world. Japan has the world's biggest everbad–debt burden Japan has allowed organized crime to systematically infiltrate its financial institutions Japan's national pension system faces imminent bankruptcy Japan's banks, brokerages, and insurance houses are near insolvency and welded to obsolete practices that hold the entire country and region back Japan's Big Bang traces the hurdles Japan must overcome to once again reign as one of the world's preeminent financial powerhouses. With an academic's analytical eye and the tenacity of a financial beat reporter, Declan Hayes explores the tangled mess that was and is Japan's economy, and explores the remedial action Japan must follow to regain and sustain its position as the economic engine of Asia.



Asia-Pacific Financial Deregulation

Author : Gordon De Brouwer

Publisher : Routledge

Page : 348 pages

File Size : 28,13 MB

Release : 2002-03-11

Category : Social Science

ISBN : 1134619324

Get eBook

Book Description

Recent events in East Asia have highlighted the risks of volatility and contagion in a financially integrated world. Countries in the region had been at the forefront of the movement towards increased integration but the crisis that struck Thailand in July 1997, and the rapidity with which it spread to other East Asian nations, suggested that all was not well. Weaknesses in domestic financial intermediation, poor corporate governance and deficient government responses to large capital inflows all played a role in the build-up of vulnerability. Asia-Pacific Financial Deregulation provides an insight into financial liberalisation and structural reform in the region generally and as illustrated by a number of countries.



The Global Financial Crisis and Asia

Author : Masahiro Kawai

Publisher : Oxford University Press

Page : 343 pages

File Size : 50,98 MB

Release : 2012-10-25

Category : Business & Economics

ISBN : 0199660956

Get eBook

Book Description

This book demonstrates how Asian countries tried to minimize the impact of the global financial crisis, identifies structural weaknesses in their economies, and discusses policy options for strengthening Asian economies to avoid future crises and promote sustainable growth in the long-term.



Asian Perspectives on Financial Sector Reforms and Regulation

Author : Masahiro Kawai

Publisher : Rowman & Littlefield

Page : 338 pages

File Size : 31,54 MB

Release : 2011-10-10

Category : Business & Economics

ISBN : 0815722117

Get eBook

Book Description

A Brookings Institution Press and Asian Development Bank Institute Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in growth rates in most cases. China and India maintained strong growth during the crisis and played an important role in facilitating global economic recovery. In this informative volume, the second in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and the contributors analyze the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation and surging capital inflows, with the accompanying risks of asset and credit market bubbles and of rapid currency appreciation. The book examines strategies to promote financial stability, including reforms for financial market development and macroprudential supervision and regulation.



Liberalization, Growth, and the Asian Financial Crisis

Author : Mohamed Ariff

Publisher : Edward Elgar Publishing

Page : 552 pages

File Size : 17,86 MB

Release : 2000-01-01

Category : Business & Economics

ISBN : 9781781952733

Get eBook

Book Description

This work examines the effects of financial liberalization of the more advanced economies in Southeast Asia and analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example.



The Asian Financial Crisis

Author : Shalendra Sharma

Publisher : Manchester University Press

Page : 409 pages

File Size : 31,2 MB

Release : 2018-07-30

Category : Business & Economics

ISBN : 1526137682

Get eBook

Book Description

This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.



The Asian Financial Crisis and the Architecture of Global Finance

Author : Gregory W. Noble

Publisher : Cambridge University Press

Page : 322 pages

File Size : 32,60 MB

Release : 2000-09-11

Category : Business & Economics

ISBN : 9780521794220

Get eBook

Book Description

An examination of the political and economic causes and consequences of the Asian financial crises.