Risk Management In East Asia

Author : Yijia Jing,Jung-Sun Han,Keiichi Ogawa
Publisher : Springer Nature
Page : 254 pages
File Size : 45,9 Mb
Release : 2021-02-22
Category : Political Science
ISBN : 9789813345867

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Risk Management in East Asia by Yijia Jing,Jung-Sun Han,Keiichi Ogawa Pdf

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 : George Allayannis,Gregory W. Brown,Leora Klapper
Publisher : World Bank Publications
Page : 50 pages
File Size : 42,7 Mb
Release : 2001
Category : Debts, External
ISBN : 8210379456XXX

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Exchange Rate Risk Management by George Allayannis,Gregory W. Brown,Leora Klapper Pdf

In a large sample of East Asian nonfinancial corporations, firms using foreign currency derivatives had distinctive characteristics, such as larger size and foreign debt exposures. Unlike in studies of U.S. firms, there was only weak evidence that liquidity-constrained firms with greater growth opportunities hedged more. Firms appeared to use foreign earnings as a substitute for hedging with derivatives, and to engage in "selective" hedging. There was no evidence that East Asian firms eliminated their foreign exchange exposure by using derivatives. And firms using derivatives before the crisis performed just as poorly as nonhedgers during the crisis.

Author : Mutsuko Takahashi
Publisher : Routledge
Page : 252 pages
File Size : 55,5 Mb
Release : 2016-04-08
Category : Social Science
ISBN : 9781317062899

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Risk and Public Policy in East Asia by Mutsuko Takahashi Pdf

Contemporary Asian society is marked by social processes associated with the loss of stable economic growth and high employment; family structures capable of caring for family members in need; and governmental economic and political competence. Post-financial crisis job uncertainty and income and labor market polarization have become important issue in Asian societies. Family structures are viewed as have been weakened, with a corresponding rise in divorce and domestic violence. Trust in the government is in decline. Against this backdrop it is timely to review three critical issues: 1) policies addressing work-related risks and socio-economic security; 2) changes regarding the structure and stability of families; and 3) issues concerning governance in times of weakened state capacity, declining trust, and the emergence of new politics. Containing chapters written by international scholars, this book introduces the concepts and theoretical approaches of risk and risk and governance and places them within the context of Asian societies.

Author : Yijia Jing,Jung-Sun Han,Keiichi Ogawa
Publisher : Unknown
Page : 0 pages
File Size : 40,7 Mb
Release : 2021
Category : Electronic
ISBN : 981334587X

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Risk Management in East Asia by Yijia Jing,Jung-Sun Han,Keiichi Ogawa Pdf

Risk Management in East Asia presents a path-breaking step toward building a common approach to managing the shared risks that challenge China, Japan, and South Korea. Anchored by education leaders at three universities, the book articulates a view of disaster management as learning to cope with hazards that cross international boundaries. - Louise K. Comfort, Professor, Graduate School of Public and International Affairs, University of Pittsburgh Risk management and regional cooperation tend to be overlooked by national governments. This new book provides practical guide and advice on mitigating risks in a post-modern industrialized world where climate change, industrial revolution, geopolitical forces, and pandemics could further exacerbate the human living environment. Indeed, this is a very timely book. - Xiaoyan Liang, Lead Education Specialist, The World Bank This book is a joint endeavour of the three partner universities of CAMPUS Asia Program (Risk Management Experts in East Asia) to develop a book with in-depth and state-of-art analysis of risk management in East Asia. As a disaster-prone region, East Asia emphasizes building preparedness and resilience for natural disasters and human-induced hazards and emergencies. The experiences of China, Japan, and South Korea in seeking appropriate and robust risk management may shed light on global risk management knowledge and practices. This book will discuss the three systems and frontier issues and will be of interest to policymakers, scholars and the general intellectual community. Yijia Jing is dean of the Institute for Global Public Policy and a professor of the School of International Relations and Public Affairs, Fudan University. Jung-Sun Han is a professor at the Division of International Studies, Korea University. Keiichi Ogawa is a professor at the Graduate School of International Cooperation Studies, Kobe University.

Author : Abhas K. Jha,Zuzana Stanton-Geddes
Publisher : World Bank Publications
Page : 205 pages
File Size : 44,7 Mb
Release : 2013-04-10
Category : Business & Economics
ISBN : 9780821398319

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Strong, Safe, and Resilient by Abhas K. Jha,Zuzana Stanton-Geddes Pdf

Disaster risk management is essential in the fight against poverty. Disasters can, in an instant, wipe out decades of hard-fought poverty reduction and development gains and push countless households into poverty. Disasters disproportionally affect the poor: Vulnerable and marginalized groups, including women, children, the elderly, and people with disabilities, are at particular risk. East Asia and the Pacific is the most disaster-stricken region in the world, suffering from small recurrent as well as rare high-impact events. East Asia is rapidly urbanizing, and cities are becoming disaster hotspots. Unplanned or poorly planned urbanization, which puts more people and assets in harm’s way, is the single largest driver of disaster risk. There is deep uncertainty about future disaster and climate risks, challenging our ability to adapt to new developments and changing the physical and natural environment. Decision makers can make a significant difference by effectively managing disaster risk and building resilience. With education and communication, preparedness, and investments, urbanization can be channeled as a tremendous positive force for development. By decreasing disaster exposure and vulnerability through systematic assessments and communication of risks, better land-use planning, and many other practical measures, the impacts of natural hazards can be reduced significantly. At the same time, it is necessary to recognize that the risks of disasters cannot be entirely eliminated, and countries need to plan for failure by considering different scenarios, especially within complex systems and networks. Preventive investments in risk reduction and emergency preparedness can be extremely cost-effective and can greatly reduce the impact of natural hazards. Governments can prioritize actions based on informed decisions about the level of risk to reduce the risks from disasters. Public investments, such as early-warning systems, retrofitting of critical infrastructure at risk, and mainstreaming systematic risk assessments into relevant public investment planning processes, can help to reduce poverty and promote sustainable economic growth. The World Bank supports countries around the world in mainstreaming a comprehensive and integrated approach to disaster risk management into development. The World Bank provides analytical and advisory services, helps to build climate and disaster resilience into core investments across sectors, and offers unique financial solutions to better manage the contingent fiscal risks from disasters.

Author : Ian Davis
Publisher : Routledge
Page : 410 pages
File Size : 54,9 Mb
Release : 2014-09-04
Category : Business & Economics
ISBN : 9781317644866

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Disaster Risk Management in Asia and the Pacific by Ian Davis Pdf

This book uses two international frameworks—the Millennium Development Goals and the Hyogo Framework for Action, a program focused on disaster risk management—to study the key trends in the region in terms of disaster incidence, sources of vulnerability and social and economic challenges. As both frameworks draw to a close, international debate is taking place during the period 2012–2015 on their current progress. This book seeks to help readers understand the process better. The chapters are written by eight independent internationally based authors. Collectively, they have extensive regional experience in the areas of disaster risk management and climate change as well as working in academia, research, consultancy, the UN and international agencies, government and the NGO sector. The analysis presented benefits from their varied backgrounds in medicine, architecture, economics, engineering, planning, social studies, development studies and political science. Throughout the book, relevant examples, drawn from the region, are included to ‘earth’ the project in the harsh realities of risk and disaster impact.

Author : George Allayannis
Publisher : Unknown
Page : 47 pages
File Size : 41,8 Mb
Release : 2012
Category : Electronic
ISBN : OCLC:1290241681

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Exchange Rate Risk Management by George Allayannis Pdf

The recent East Asian (EA) financial crisis provides a natural experiment for investigating foreign-exchange risk management by non-financial corporations. During this period, the financial crisis exposed local firms to large depreciations in exchange rates and decreased access to foreign capital. We explore the exchange rate hedging practices of firms that hedge foreign debt exposure in eight EA countries between 1996 and 1998. Our paper makes three primary contributions. First, we identify and characterize EA companies that use foreign currency derivatives. This includes documenting differences in size, domestic and foreign debt exposures, and financial characteristics. Second, we investigate the factors important in the use of foreign currency derivatives. In contrast to studies of US firms, we find limited support for existing theories of optimal hedging. Instead, we find that firms use foreign earnings as a substitute for hedging with derivatives and evidence that EA firms engage in quot;selectivequot; hedging. Third, we investigate the relative performance of hedgers during and after the crisis. We find no evidence that EA firms eliminate their foreign exchange exposure by using derivatives. Morespecifically, firms using derivatives before the crisis perform just as poorly as nonhedgers during the crisis. Post-crisis, firms that hedged performed somewhat better than nonhedgers, but this result appears to be explained by a larger post-crisis currency exposure for hedgers (an exchange rate risk premium), due to limited access to derivatives during that period.

Author : Daniel Wagner
Publisher : CRC Press
Page : 308 pages
File Size : 55,5 Mb
Release : 2012-02-15
Category : Business & Economics
ISBN : 9781466500488

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Managing Country Risk by Daniel Wagner Pdf

What would you do if a law that enabled your investment to operate successfully abroad suddenly changed, and your business could no longer operate profitably there? Imagine exporting goods to a government buyer only to discover after the fact that your home country, or the United Nations, has just imposed an embargo on that country. Managing Countr

Author : Hongmu Lee
Publisher : Springer Nature
Page : 261 pages
File Size : 42,6 Mb
Release : 2021-11-25
Category : Business & Economics
ISBN : 9789811634680

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Risk Management by Hongmu Lee Pdf

This book outlines risk management theory systematically and comprehensively while distinguishing it from academic fields such as insurance theory. In addition, the book builds a risk financing theory that is independent of insurance theory. Until now, risk management (RM) theory has been discussed while the framework of the theory has remained unclear. However, this book, unlike previous books of this type, provides risk management theory after presenting a framework for it. Enterprise risk management (ERM) is seen differently depending on one’s position. For accountants, it is a means for internal control to prevent accounting fraud, whereas for financial institutions, it quantifies the risk that administrators can take to meet supervisory standards. Therefore, most of the ERM outlines are written to suit the intended uses or topics, with no systematic RM overviews. This book discusses a systematic RM theory linked to the framework of it, unlike previous books that were written according to topic. After the Enron scandal in December 2001 and WorldCom accounting fraud in June 2002, several laws were enacted or revised throughout the world, such as the SOX Act(Sarbanes-Oxley Act) in the United States and the Financial Instruments and Exchange Law and Companies Act in Japan. In this process, the COSO(Committee of Sponsoring Organizations of Treadway Commission) published their ERM framework, while the ISO (International Organization for Standardization) published their RM framework. The author believes that the competition between these frameworks was an opportunity to systematize RM theory and greatly develop it as an independent discipline from insurance. On the other hand, the Great East Japan Earthquake that occurred on March 11, 2011, caused enormous losses. Also, because pandemics and cyber risks are increasing, businesses must have a comprehensive and systematic ERM for these risks associated with their business activities

Author : Yasmin Yusof
Publisher : Author House
Page : 146 pages
File Size : 45,9 Mb
Release : 2007-11-16
Category : Reference
ISBN : 9781467020336

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Managing Financial Risk for Multinational Companies in South East Asia by Yasmin Yusof Pdf

This book was written from the perspective of international accounting to show how risk mitigation applies to the multinational firms with complex global transactions and assets. It analyses the interplay of currencies, exchange rates, interest rates, and accounting systems. Financial risk management is a specialized area of international accounting that requires specific training, tools and techniques, if one is to be successful in mitigating risk for an international business. Financial risk management refers to the practices used by corporate finance managers and accountants to limit and control uncertainty in the firm’s total portfolio. Financial risk management aims to minimize the risk of loss from unexpected changes in the prices of currencies, interest rates, commodities, and equities. In the context of international accounting, financial risk management also contains an element of political, legal and “culture” risk—exposure to uncertainty in the outcomes of business transactions and asset transfers that comes with most international business operations. Risk management has become an integral part of international business strategy, and accountants use quantitative tools to measure and analyze risk. The job of the Chief Financial Officer is to identify and address all types of risk, establish support and control mechanisms for dealing with it, and set the course for the risk management team in terms of its policies and objectives. The financial practices commonly employed include diversification; asset allocation ; and hedging. These practices are examined in light of their applications for international business, where accountants must cope with many more types and degrees of risk. A firm’s long-term strategy, such as investment risk, credit risk, and insurance risk are the basis focus for a financial analysis.

Author : Alessandro Arduino,Xue Gong
Publisher : Springer
Page : 308 pages
File Size : 50,9 Mb
Release : 2018-02-01
Category : Political Science
ISBN : 9789811071164

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Securing the Belt and Road Initiative by Alessandro Arduino,Xue Gong Pdf

This collection explores the expansion of Chinese outbound investments, aimed to sustain the increased need for natural resources, and how they have amplified the magnitude of a possible international crisis that the People’s Republic of China may face in the near future by bringing together the views of a wide range of scholars. President Xi’s Belt and Road initiative (BRI), aimed to promote economic development and exchanges with China for over 60 countries, necessitates a wide range of security procedures. While the threats to Chinese enterprises and Chinese workers based on foreign soil are poised to increase, there is an urgent need to develop new guidelines for risk assessment, special insurance and crisis management. While the Chinese State Owned Enterprises are expanding their international reach capabilities, they still do not have the capacity to assure adequate security. In such a climate, this collection will be of profound value to policy makers, those working in the financial sector, and academics.

Author : Collectif
Publisher : OECD
Page : 128 pages
File Size : 51,9 Mb
Release : 2018-12-10
Category : Political Science
ISBN : 9789264310698

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Building Resilient Cities by Collectif Pdf

Asian cities are particularly vulnerable to risks associated with natural disasters. While they are exposed to various types of natural hazards, flooding and other water-related disasters pose particularly significant risks and undermine long-term economic growth, especially in coastal cities. Managing such natural disaster risks is an essential component of urban policies in fast-growing Southeast Asian cities, especially as the impacts of climate change worsen. In addition to providing a framework for assessing disaster risk management policies in cities, this report also presents the results of assessment and locally tailored policy recommendations in five cities of different institutional, geographic, socio-economic and environmental contexts in Southeast Asia. They include Bandung (Indonesia), Bangkok (Thailand), Cebu (Philippines), Hai Phong (Viet Nam) and Iskandar (Malaysia). The study highlights that Southeast Asian cities are largely underprepared for natural disaster risks. Through an assessment of disaster risk management (DRM) policies at national and subnational levels, the study aims to enhance urban resilience by: i) identifying policy challenges related to DRM ; ii) assessing the impacts of current DRM policy practices; and iii) proposing more efficient and effective policy options to enhance urban resilience.

Author : Soyoung Kim,Yun-jong Wang
Publisher : KIEP
Page : 54 pages
File Size : 54,6 Mb
Release : 2004
Category : Consumption (Economics)
ISBN : UCSD:31822030971774

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Regional Vs. Global Risk Sharing in East Asia by Soyoung Kim,Yun-jong Wang Pdf

Author : Soyoung Kim,Yun-jong Wang
Publisher : 대외경제정책연구원
Page : 54 pages
File Size : 43,7 Mb
Release : 2003
Category : Consumption (Economics)
ISBN : UCSD:31822030971956

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Financial Integration and Consumption Risk Sharing in East Asia by Soyoung Kim,Yun-jong Wang Pdf

Author : Indrajit Pal,Mihir Bhatt
Publisher : Unknown
Page : 366 pages
File Size : 53,6 Mb
Release : 2020
Category : Electronic
ISBN : 9353885647

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Drought Risk Management in South and South-East Asia by Indrajit Pal,Mihir Bhatt Pdf

The geo-climatic conditions of South and South-East Asian countries are diverse and vulnerable to multiple natural hazards such as drought. Drought evolves over months or even years, affects a large spatial extent and causes enormous damages. Drought Risk Management in South and South-East Asia is a comprehensive reference on overall perspectives and scenarios on drought risk mitigation and management, based on researches and case studies from South and South-East Asian countries. Drought management is a complex area of work that requires active and continuous participation of the national, provincial and local governments, multiple ministries, and divisions. This book demonstrates the best practices of socio-economic and technological interventions to enhance drought risk management, which will help to develop plans and policies, and their implementation to reduce the impact of droughts. It also offers views of field practitioners on impacts of the interventions practised at the national, sub-national and local levels.