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Author : Soyoung Kim,Yun-jong Wang
Publisher : KIEP
Page : 54 pages
File Size : 51,8 Mb
Release : 2004
Category : Consumption (Economics)
ISBN : UCSD:31822030971774
Author : Soyoung Kim,Sunghyun H. Kim,Yunjong Wang
Publisher : Unknown
Page : 39 pages
File Size : 42,7 Mb
Release : 2004
Category : Electronic
ISBN : 8932240264
Author : Soyoung Kim,Yun-jong Wang
Publisher : 대외경제정책연구원
Page : 54 pages
File Size : 42,5 Mb
Release : 2003
Category : Consumption (Economics)
ISBN : UCSD:31822030971956
Author : Michael Devereux,Research Fellow at the Institute for Fiscal Studies London Professor of Finance Department of Economics Michael Devereux,Philip R Lane,Cyn-Young Park,Shang-Jin Wei
Publisher : Taylor & Francis
Page : 342 pages
File Size : 50,7 Mb
Release : 2011-05-03
Category : Business & Economics
ISBN : 9781136847622
The ongoing global financial crisis has manifested a remarkable degree of global financial integration—and its implications—for emerging Asian financial markets. The current crisis will not and should not deter the progress that the region has made toward financial openness and integration. However, events like this clearly demonstrate that financial liberalization and integration is not without risks. Hence, emerging Asian economies' growing financial ties have motivated us to look closer at the repercussions of increased financial integration and evaluate the benefits of risk sharing and better access to international capital markets against the costs of cross-border financial contagion. The crisis also presents a timely opportunity for the region’s policy makers to rethink their strategies for financial deregulation and liberalization and to reconsider a next step to integrate emerging East Asia’s financial markets further. However, doing so requires deeper understanding of financial market integration. While much has been said in both academic and policy circles about financial globalization and regional financial integration as separate areas of study, existing research has been relatively silent on the dynamics between these two distinctive forces. The book addresses this gap in financial literature and assesses financial integration in emerging East Asia at both regional and global levels. The publication studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration, (ii) understanding dynamics of regional financial integration versus global financial integration, and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by the book.
Author : Yijia Jing,Jung-Sun Han,Keiichi Ogawa
Publisher : Springer Nature
Page : 254 pages
File Size : 53,9 Mb
Release : 2021-02-22
Category : Political Science
ISBN : 9789813345867
This book is a joint endeavour of the three partner universities to develop a book with in-depth and state-of-art analysis for the academic community of East Asia and the world. Past disasters, like the 2008 Great Sichuan Earthquake in China and the 2011 Great East Japan Earthquake, saw good efforts of East Asian countries in helping each other. Such a trend has been further strengthened in these countries’ recent cooperation and mutual support in their fight against Covid-19 pandemic. While China, Japan, and South Korea are geographically and culturally contiguous and hence may share some characteristics in their risk management principles and practices, there may also be many significant differences due to their different socioeconomic and political systems. The commonalities and variances in East Asia risk management systems are also reflected by their recent responses to the Covid-19 challenges. While all three countries demonstrated overall success in controlling the epidemic, the measures taken by them were different. This research will be of interest to policymakers, scholars and economists.
Author : Barry Eichengreen,Yung Chul Park,Charles Wyplosz
Publisher : OUP Oxford
Page : 428 pages
File Size : 49,5 Mb
Release : 2008-02-21
Category : Business & Economics
ISBN : 9780191647659
The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20 per cent in 1950, Asia's share of global GDP has now risen to 33 per cent and will exceed 40 per cent within a generation if current forecasts are realized. Asia's growing weight in the world economy is elevating it to a central position in global economic and financial affairs. The potential global impact of this astonishing growth is far reaching, from oil markets and the environment to a reshaping of trade relations in the current multilateral system dominated by the WTO. This collection of original essays written by leading economists explores the likely impact of the rapid growth in the East Asian economies, and in particular China, on the world economy in the coming decades and the consequent challenges for the development of trade, macroeconomic, and environmental policy.
Author : Mr.Phurichai Rungcharoenkitkul
Publisher : International Monetary Fund
Page : 43 pages
File Size : 43,8 Mb
Release : 2011-10-01
Category : Business & Economics
ISBN : 9781463922634
This paper assesses financial integration in Asia in terms of risk-sharing benefit versus financial-contagion cost. We construct a new measure of risk sharing based on a term structure model, which allows identification of realized stochastic discount factors. Risk sharing is low in Asia, and varies across time and countries, whereas contagion risks are more significant intra-regionally, and relatively stable over the past decade. An overall tradeoff exists between risk sharing and contagion, but the terms of tradeoffs vary across countries, depending on relative economic fluctuations and inflation differentials. Asia, therefore, can potentially enhance risk sharing without raising contagion risk.
Author : Obiyathulla Ismath Bacha,Abbas Mirakhor
Publisher : World Scientific
Page : 403 pages
File Size : 47,7 Mb
Release : 2019-02-27
Category : Business & Economics
ISBN : 9789813274655
Islamic Capital Markets: A Comparative Approach (2nd Edition) looks at the similarities and differences between Islamic capital markets and conventional capital markets. The book explains each topic from both the conventional and the Islamic perspective, offering a full understanding of Islamic capital markets, processes, and instruments. In addition to a full explanation of Islamic products, the book also ensures a holistic understanding of the dual markets within which Islamic capital markets operate.Ideal for both students and current practitioners, the second edition of the highly successful Islamic Capital Markets: A Comparative Approach fills a large gap in the current literature on the subject, featuring case studies from Malaysia, Indonesia, Europe, and the Middle East. One of the few comprehensive, dedicated guides to the subject available, the book offers comprehensive and in-depth insights on the topic of Islamic finance for students and professionals alike.
Author : Anonim
Publisher : World Bank Publications
Page : 45 pages
File Size : 40,9 Mb
Release : 2024-06-01
Category : Electronic
ISBN : 8210379456XXX
Author : Soyoung Kim,Sunghyun H. Kim,Yunjong Wang
Publisher : Unknown
Page : 35 pages
File Size : 51,8 Mb
Release : 2003
Category : Electronic
ISBN : 8932240264
Author : Jongkyou Jeon
Publisher : KIEP
Page : 68 pages
File Size : 40,5 Mb
Release : 2005
Category : Capital market
ISBN : UCSD:31822036517167
Author : Yung Chul Park,Distinguished Professor in the Division of International Studies Yung Chul Park
Publisher : Oxford University Press on Demand
Page : 295 pages
File Size : 45,5 Mb
Release : 2006
Category : Business & Economics
ISBN : 9780199276776
In this book Park argues for the continuing validity of an 'East Asian' model of economic development that differs distinctly from the Washington Consensus. He argues that, while this model was undermined to some extent by the 1997-98 financial crisis, it remains robust and important in explaining economic events in East Asia.
Author : H. Askari,Z. Iqbal,A. Mirakhor
Publisher : Springer
Page : 303 pages
File Size : 40,8 Mb
Release : 2014-12-16
Category : Religion
ISBN : 9781137381996
Challenges in Economic and Financial Policy Formulation provides an introductory, yet comprehensive, treatment of macroeconomic policies and their implementation in an Islamic-designed economic system.
Author : Shandre M. Thangavelu,Aekapol Chongvilaivan
Publisher : Routledge
Page : 226 pages
File Size : 50,9 Mb
Release : 2012-10-02
Category : Business & Economics
ISBN : 9781136251719
This book investigates the impact of both real and financial integration to growth and to welfare, and to enquire whether increases in either or both forms build the linkage between the real and financial economy. It contributes to the following two areas: (1) Research of economic developments in East Asia, the most dynamic and populous region in the world, in itself is important for researchers, policy makers, journalists, business people and others. East Asia’s economic developments influence peoples’ lives not only in East Asia but also in other parts of the world. (2) Many aspects of East Asian experiences in economic development are unique, making research of East Asia attractive and important to discern mechanisms of economic development. The first part of this study begins with chapters that address the measurement of regional integration compared with the engagement with the global economy and how this influences the aggregate behavior of the economies. The second part turns to consideration of the financial sector and the efficiency and performance of banking in the region. This allows a discussion whether, in the current crisis, the banking sector was an important channel of financial shock into real behavior. The third part turns to the corporate sector. Using data on firms, type of finance used by firms, its impact on their performance, and ownership structure influence over the productivity growth are discussed. Based on the findings, the book presents several policy recommendation and future research agenda for further economic integration in East Asia.
Author : Tony Cavoli,Ramkishen S. Rajan
Publisher : Hong Kong University Press
Page : 249 pages
File Size : 45,7 Mb
Release : 2009-06-01
Category : Business & Economics
ISBN : 9789622090538
With the rise of China, India and the re-emergence of East Asia from the financial crisis of 1997–98, monetary issues in Asia have acquired great significance as the region holds the largest reserves in the world and consequently plays a major role in the global macro-economy. In addition, there are also a great variety of monetary policy regimes at play in the region – reflecting each country's needs and policy preferences. This volume explores monetary, exchange rate and macroeconomic policies in Asia. A particular question that is analysed is Asia's experience since the crisis with the use of monetary policy to manage the resurgence in capital inflows. It also examines the theoretical and policy issues associated with international capital flows, the increasing degree of integration of financial markets and exchange rates for emerging Asian economies. The book is unique in focussing on China, India and Southeast Asia, rather than just having a sub-regional or country-specific focus. Rigorous empirical analysis is applied to important practical policy issues. The book also provides accessible overviews of recent research relevant to the questions that are explored and is written throughout in a manner that is accessible to policy makers, students and business/financial journalists.