Monetary And Financial Integration In East Asia The Way Ahead Volume 1 And 2

Author : Asian Development Bank
Publisher : Palgrave Macmillan
Page : 207 pages
File Size : 53,6 Mb
Release : 2004-03-04
Category : Business & Economics
ISBN : 1403918821

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Monetary and Financial Integration in East Asia, Volume 1 by Asian Development Bank Pdf

Since the 1997 Asian financial crisis, countries in East Asia have made efforts to promote regional monetary and financial cooperation to complement the evolving international financial architecture. This increased interest in regional monetary and financial cooperation has resulted in several initiatives - the ASEAN Surveillance Process, the ASEAN+3 Finance Ministers Process including its Chiang Mai Initiative of 2000, the Manila Framework Group and the Asia-Europe Finance Ministers Process to name a few. These developments in some ways represent a significant break from the past. Going forward the key challenge is how to set priorites and sequence developments so as to smooth the path to a new regional financial architecture. This two-volume set takes up the issue of developing a road map of policy options, both at the regional and country levels, for carrying forward the ongoing efforts in monetary and financial cooperation in East Asia. Building on a series of core reports and background papers by eminent economists and policymakers around the world commissioned under an ADB technical assistance project, the books explore what is feasible and desirable in regional monetary and financial cooperation and lays out a road map for putting the concept into action over the next several years. Volume 1 contains an overview by Peter Montiel, and three core studies by Olam Chaipravat, Eric Girardin, and Takatoshi Ito and Yung-Chul Park. Volume 2 contains background papers by Robert J. Barro; Elbliog‚onore Boiscuvier and Alfred Steinherr; Barry Eichengreen; Jeffrey A. Frankel; Eric Girardin; Jong-Wha Lee; Yung-Chul Park and Kwanho Shin; Ronald McKinnon; Eiji Ogawa, Takatoshi Ito, and Yuri Nagataki Sasaki; Ramkishen Rajan and Reza Siregar; Yunjong Wang and Wing Thye Woo; and Charles Wyplosz. The volumes and the study on which they were based were conceptualized, supervised, and coordinated by Pradumna B. Rana and Srinivasa Madhur.

Author : Development Bank Asian
Publisher : Unknown
Page : 128 pages
File Size : 48,8 Mb
Release : 2005-04
Category : Electronic
ISBN : 1403934053

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Monetary and Financial Integration in East Asia: The Way Ahead: Volume 1 and 2 by Development Bank Asian Pdf

Author : OECD
Publisher : OECD Publishing
Page : 282 pages
File Size : 49,9 Mb
Release : 2008-08-25
Category : Electronic
ISBN : 9789264039445

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Shaping Policy Reform and Peer Review in Southeast Asia Integrating Economies Amid Diversity by OECD Pdf

This publication examines the possible application of peer reviews to address regional and domestic challenges in Southeast Asia.

Author : William M. Grimes
Publisher : Cornell University Press
Page : 265 pages
File Size : 55,5 Mb
Release : 2011-03-15
Category : Political Science
ISBN : 9780801457432

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Currency and Contest in East Asia by William M. Grimes Pdf

Since the Asian Financial Crisis of 1997-98, East Asian economies have sought to make themselves less vulnerable to global financial markets by transforming the regional financial architecture. With Japan as a leading actor, they have introduced initiatives to provide emergency financing to crisis economies, support the development of local-currency bond markets, and better coordinate currency policies. In Currency and Contest in East Asia, William W. Grimes builds on years of primary research and scores of interviews with participants and policy analysts to provide the most accurate, complete, and detailed description available of attempts to build financial cooperation among East Asian countries. Adapting realist political economy theory to the realities of contemporary global finance, Grimes places regional issues firmly in the wider context of great-power rivalries. He argues that financial regionalism can best be understood as one arena for competition among Japan, the United States, and China. Despite their mutual desire for regional prosperity and economic stability, these three powers have conflicting political interests. Their struggles for regional leadership raise questions about the long-term feasibility of regional financial cooperation, the possible effects of Sino-Japanese rivalry on regional financial stability, and the potential for East Asian financial regionalism to undermine the long-established-albeit waning-global and regional dominance of the United States and the dollar.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 42,7 Mb
Release : 2024-06-28
Category : Electronic
ISBN : 9789814468183

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Fostering Monetary and Financial Cooperation in East Asia by Anonim Pdf

Author : Anonim
Publisher : Routledge
Page : 191 pages
File Size : 40,5 Mb
Release : 2024-06-28
Category : Electronic
ISBN : 9781134110711

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Korea in the New Asia by Anonim Pdf

Author : Saadia M. Pekkanen,John Ravenhill,Rosemary Foot
Publisher : Oxford Handbooks
Page : 841 pages
File Size : 46,5 Mb
Release : 2014
Category : Political Science
ISBN : 9780199916245

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Oxford Handbook of the International Relations of Asia by Saadia M. Pekkanen,John Ravenhill,Rosemary Foot Pdf

This handbook examines the theory and practice of international relations in Asia. Building on an investigation of how various theoretical approaches to international relations can elucidate Asia's empirical realities, authors examine the foreign relations and policies of major countries or sets of countries.

Author : Saadia M. Pekkanen,John Ravenhill,Rosemary Foot
Publisher : Oxford University Press
Page : 704 pages
File Size : 47,8 Mb
Release : 2014-08-19
Category : Political Science
ISBN : 9780199916252

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The Oxford Handbook of the International Relations of Asia by Saadia M. Pekkanen,John Ravenhill,Rosemary Foot Pdf

In the past quarter century, the importance of Asia in international relations has grown exponentially. This Handbook gathers the most important scholars in the field of Asia's international relations to address this momentous change in world politics. The editors and contributors focus on three basic themes: assessing appropriate theories for explaining the evolution of the international relations of Asian countries within the region and with the rest of the world; tracing the recent history of Asia in world politics; and focusing on emerging trends. The Handbook brings readers the latest scholarship on the bilateral, regional, and global relations of Asian countries in the fields of political economy, national security, and human security. Comprehensive in theme, breadth, and methodology, this Handbook is a timely addition to the existing literature on the changes currently underway in Asian countries that promise to have significant implications for world politics.

Author : Michael G Plummer,Erik Jones
Publisher : World Scientific
Page : 387 pages
File Size : 51,8 Mb
Release : 2006-11-07
Category : Business & Economics
ISBN : 9789814478137

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International Economic Integration And Asia by Michael G Plummer,Erik Jones Pdf

Regional economic integration has become a key force in international commercial policy in the 2000s. Europe has traditionally embraced regionalism; the United States became actively involved in preferential trading arrangements only in the 1980s. While Asia has been late in accepting formal regional economic integration accords, all Asian countries are now in the process of creating various free-trade areas and other forms of economic integration programs, and some are already in place. This volume analyzes the regionalism trend from an Asian perspective. It considers the lessons from, and the economic implications of, various economic integration programs in the OECD (mostly the EU but also NAFTA), as well as the proposals for closer economic integration in the region itself. Chapters deal with both real and financial integration issues.

Author : Koichi Hamada,Beate Reszat,Ulrich Volz
Publisher : Edward Elgar Publishing
Page : 423 pages
File Size : 41,6 Mb
Release : 2009-01-01
Category : Business & Economics
ISBN : 9781848447349

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Towards Monetary and Financial Integration in East Asia by Koichi Hamada,Beate Reszat,Ulrich Volz Pdf

Towards Monetary and Financial Integration in East Asia is an important book. East Asia, led by China, has been and will continue to be the largest, most rapidly growing region in the world. Major global imbalances persist, with East Asia in large surplus. Yet East Asian financial and monetary integration is only in the early stages of what will necessarily be a long-run process. These 14 essays by different authors address, in six Parts, fundamental long-run issues and prospects. These include the development of a regional financial architecture, liquidity provision and crisis management, surveillance mechanisms, exchange rate arrangements, currency baskets, an Asian Currency Unit, and ultimately even a single currency. The implications of the rise of China and the role of Japan underlie much of these analyses. However imperfect, the EU is the dominant relevant experience for East Asian financial and monetary integration. It is important to understand, as the authors do, that it took 47 years from the EU s nascent founding to the establishment of the euro, and that economic integration has preceded political integration. This book importantly addresses such basic issues in this time frame and with an appreciation of the political economy difficulties of financial integration. Hugh Patrick, Columbia University, US The book edited by Professors Hamada, Reszat, and Volz gives a comprehensive overview of the current status and challenges of economic integration in East Asia. Monetary and financial integration in East Asia has proceeded gradually but steadily since the Asian financial crisis of 1997 98. The book is an authoritative cutting-edge collection of papers in respective topics which brings the reader to the frontier of the literature. Takatoshi Ito, University of Tokyo, Japan This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world s most dynamic region. With contributions from distinguished experts this timely book evaluates the economic and politico-economic arguments and conditions for monetary and financial integration in East Asia. It explores how and to what extent the countries of the region can integrate despite their heterogeneity and their underlying political tensions. Drawing on the European experiences, this book analyzes the economic logic of monetary and financial integration in East Asia and its political feasibility. This invaluable broad analysis will be of interest to academic researchers, students, policy-makers and professional economists working on matters of international economic cooperation, common currency areas, international open economy macroeconomics, and East Asian integration.

Author : Ulrich Volz
Publisher : Edward Elgar Publishing
Page : 393 pages
File Size : 49,5 Mb
Release : 2011
Category : Political Science
ISBN : 9781849809153

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Regional Integration, Economic Development and Global Governance by Ulrich Volz Pdf

This book explores a central issue of the world economy today: the role of regional integration for economic development and global governance. The importance of this issue comes from the fact that the globalisation process that we have been experiencing in recent decades is also a process of open regionalism. [¿] To what extent does this process contribute to development? The reader will find many interesting answers to this question in the book, [which] is an outstanding contribution to this debate. I welcome its publication and look forward to its influence on global debates on the relations between regional integration, development and global governance.' - From the foreword by José Antonio Ocampo, Columbia University, US The contributors expertly provide a comparative perspective on regional integration in different regions of the world while at the same time analysing the various facets of integration, relating to trade, FDI, finance and monetary policies. They provide a comprehensive treatment of the subject and offer new perspectives on the potential developmental effects of regional integration and the implications of regional integration for global economic governance. Whilst highlighting and illustrating the potential benefits deriving from regional economic integration, the book also stresses the problems and challenges regional integration processes are usually confronted with.

Author : Martina Metzger
Publisher : Springer
Page : 230 pages
File Size : 51,5 Mb
Release : 2005-11-29
Category : Business & Economics
ISBN : 9780230502444

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New Issues in Regional Monetary Coordination by Martina Metzger Pdf

This book argues for a new conceptual framework that analytically distinguishes between North-South monetary co-ordination, which involves an international key currency, and South-South arrangements between economies all marked by external indebtedness and the resulting macroeconomic instabilities ('original sin'). In this light, the book analyzes different types of monetary co-ordination, ranging from ad hoc exchange rate policy agreements to projects of a common supranational currency, and it examines selected regional cases in Eastern Europe, North and South America, Africa and Asia.

Author : Ulrich Volz
Publisher : MIT Press
Page : 339 pages
File Size : 44,8 Mb
Release : 2010
Category : East Asia
ISBN : 9780262013994

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Prospects for Monetary Cooperation and Integration in East Asia by Ulrich Volz Pdf

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. --

Author : Tomoo Kikuchi
Publisher : Routledge
Page : 186 pages
File Size : 42,7 Mb
Release : 2018-12-07
Category : Business & Economics
ISBN : 9781351761123

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Evolving Finance, Trade and Investment in Asia by Tomoo Kikuchi Pdf

The year 2015 witnessed significant events in the area of finance, trade and investment, which brought Asia to the centre of the world stage. The Trans-Pacific Partnership reached its basic agreement among the 12 member countries in October; the Chinese Yuan was included into the Special Drawing Rights basket of currencies at the International Monetary Fund in November; the ASEAN Economic Community came into force; and the Asian Infrastructure Investment Bank was established with the 57 founding members in December. Within and outside the region, there is an urgent need to understand the underlying economic structures that brought about these events, which have global implications. The Centre on Asia and Globalisation at the National University of Singapore launched a series of conferences on ‘Evolving Finance, Trade and Investment in Asia’ with the aim of strengthening research capacity in Asia to influence regional policymaking. Looking forward, the conference will provide an annual platform for scholars to discuss the latest findings and to disseminate them to business leaders and policymakers. This book contains scholarship presented at the inaugural international conference in September 2015, and was originally published as a special issue of the International Economic Journal.

Author : Saori Katada
Publisher : Routledge
Page : 115 pages
File Size : 45,5 Mb
Release : 2013-09-13
Category : Social Science
ISBN : 9781135712518

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The Global Economic Crisis and East Asian Regionalism by Saori Katada Pdf

Regional cooperation in East Asia on various issue areas, such as emergency liquidity mechanisms in finance, the exponential growth of free trade agreements and policy coordination on the environment and public health, developed rapidly after the Asian Financial Crisis. A decade later, the global financial crisis offered a new opportunity for the nascent regional cooperation mechanisms to acquire new depth and meaning - this time, however, in a very different context due to the unfaltering rise of China. How have inter-state cooperation mechanisms, which were devised originally to deal with the problems of the past crisis, fared in the recent global economic turbulence? Can regional integration effectively insulate East Asia from the vagaries of the international market? Should East Asian nations heed the call for regionalism or globalism? This volume not only offers one of the first assessments of how the global economic crisis has affected the prospects for regional integration in East Asia, but it also addresses a number of long-standing debates of interest to East Asian specialists, economists and policymakers: Are crises catalysts for revamping developmental models? Do they provide solid foundations for regional solidarity and integration? Can they help catapult countries into the global limelight? This book was originally published as a special issue of The Pacific Review.