The Money Markets Of Developing East Asia

Author : Robert F. Emery
Publisher : Praeger
Page : 368 pages
File Size : 48,8 Mb
Release : 1991
Category : Business & Economics
ISBN : UCSD:31822007771918

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The Money Markets of Developing East Asia by Robert F. Emery Pdf

Written for international finance executives, economists, and policymakers, this is the first book to describe in detail the money markets of the eight major developing countries of East Asia: Hong Kong, Indonesia, Korea, Malaysia, the Philippines, Singapore, Thailand, and Taiwan. Robert F. Emery makes use of the most recent and complete data available to analyze the strengths and weaknesses of each individual market and identify the main participants, the nature of the instruments used, the size of the market, and any official influences on the market. He also assesses each market in terms of its past performance, suggests possible measures to improve the market, and describes the basic ingredients for establishing a viable and growing market. Following an introductory chapter that explains Asian money markets, the volume contains chapters on each of the eight countries that analyze their respective markets in detail. Each chapter is organized into a standard format, making it easy for the reader to locate specific information. The introductory section contains information on the country's general economy, its financial system, the structure of the money market, and significant money market developments. Subsequent sections examine individual components of the money market, such as the interbank or commercial paper market. An analytical section discusses how large a role the money market plays in the country's economy, evaluates past financial policies, and proposes future policy initiatives. The final chapter makes cross-country comparisons of the various countries' markets and indicates what lessons can be derived from the preceding analyses. Numerous explanatory tables and figures amplify points made in the text.

Author : Robert F Emery
Publisher : Routledge
Page : 384 pages
File Size : 54,9 Mb
Release : 2018-02-23
Category : Political Science
ISBN : 9780429965340

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The Bond Markets Of Developing East Asia by Robert F Emery Pdf

This comprehensive book provides detailed descriptions and analysis of the bond markets in eight East Asian developing economies: Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Drawing on the most recent data available, Emery assesses the strengths and weaknesses of each countrys bond market, concluding with comparisons of the eight countries bond markets. The book will be an invaluable reference for economists, policymakers, and all those interested in emerging capital markets. }Drawing on the most recent data available, this comprehensive book provides detailed descriptions and analysis of the bond markets in eight East Asian developing economies: Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Robert Emery devotes a full chapter to evaluating the strengths and weaknesses of each countrys bond market. For each country, Emery describes the history of the bond market and identifies its key participants, the different types of bonds, and the current terms for bond issues. He also discusses the size of the bond market, the bond issuing process, trading procedures and the structure of the market, the clearing and settlement system, and fees and taxes. Finally, he lists the regulators of the market, current regulations, and bond rating agencies; assesses the markets past performance; and offers suggestions for improvement.Each country chapter is organized into a standard format, making it easy for the reader to locate and compare specific information. Emery concludes the book with cross-country comparisons of the eight countries bond markets. It will be an invaluable reference for economists, policymakers, and all those interested in emerging capital markets. }

Author : Swati R. Ghosh
Publisher : World Bank Publications
Page : 234 pages
File Size : 41,7 Mb
Release : 2006-01-01
Category : Business & Economics
ISBN : 9780821367445

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East Asian Finance by Swati R. Ghosh Pdf

This study analyzes the key issues and constraints -- in terms of efficiency, access and safety and soundness -- faced by East Asian countries in developing their financial markets which are at different stages of development, drawing on global experience. The study takes stock of the initiatives being undertaken at the regional level to foster greater financial integration as a means of deepening and diversifying financial markets, and on the policy issues that need to be addressed at the domestic level to deepen and diversify financial markets and to actually benefit from the actions that are being taken at the regional level.

Author : Kim B. Staking
Publisher : IDB
Page : 200 pages
File Size : 52,6 Mb
Release : 1997
Category : Business & Economics
ISBN : 1886938237

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Policy-based Finance and Market Alternatives by Kim B. Staking Pdf

Author : Masayuki Susai,Shigeru Uchida
Publisher : World Scientific
Page : 188 pages
File Size : 40,5 Mb
Release : 2011-01-31
Category : Business & Economics
ISBN : 9789814460699

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Studies on Financial Markets in East Asia by Masayuki Susai,Shigeru Uchida Pdf

This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic growth and emerging performance of the financial markets in the East Asian countries. It introduces newly developed financial products, institutions, governance mechanism, banking policy changes and their implications in the East Asian economies, and discusses the way forward for these economies with recommendations for policy implications. It also contains suggestions for other developing countries trying to achieve rapid growth. Contents:Multi Foreign Exchange Rate Relations in Turbulent Market: Lessons from Lehman ShockThe Asymmetric Contagion from the US Stock Market Around the Subprime CrisisCan Monetary Policy target on Asset Price? Evidence from Chinese Real Estate MarketRelationship Banking and Firm ProfitabilityThe Choice between Dividend and Share RepurchaseBanking Relationships in East Asian Economies: Lessons for Developing CountriesAn Econometric Analysis of Japanese Government Bond Markets in the Prewar and Postwar PeriodsHedging, IPOs and Japanese Days-of-the-Week Stock Return Patterns Return, Volatility and Liquidity of the JGB FuturesConsistency of Risk Attitude and Other Investment Behavior of Japanese Fund Managers Readership: Researchers, graduate students and academicians interested in financial markets and Asian economies. Keywords:Financial Market;Foreign Exchange Rate;Sub-prime Crisis;Real Estate Market;Relationship Banking;Dividend and Share;Stock Market;Government Bond;;Hedging;IPO;Return;Volatility;Liquidity;Risk Attitude;Investment Behavior;Fund ManagersKey Features:One of the few books on East Asian Economies written in EnglishCovers a wide range of topics like capital market, foreign exchange market, real estate market, banking including recent ones like sub-prime crisis, Lehman shock, etc.

Author : Yŏng-chʻŏl Pak,Yunjong Wang,Takatoshi Itō
Publisher : Edward Elgar Pub
Page : 548 pages
File Size : 48,5 Mb
Release : 2005
Category : East Asia
ISBN : UCSD:31822035219500

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A New Financial Market Structure for East Asia by Yŏng-chʻŏl Pak,Yunjong Wang,Takatoshi Itō Pdf

This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia's dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia. Against this economic background, the contributors make recommendations for the establishment of effective and stable capital recycling in East Asia. The financial intermediary function of the regional financial centers - Hong Kong, Singapore and Tokyo - is evaluated. Discussion focusses on the issues of building an organic network between the financial markets of major economies in the region and enhancing the future role and function of those regional financial centres. The policy implications of the future development of regional financial markets - based on regional financial networks - that could potentially act as intermediaries between the high savings and productive sectors in East Asia are also examined. Concentrating on the major issues identified as central to building a new financial market structure in East Asia, this book will be appeal to those with a special interest in Asian studies and financial economics.

Author : Yung Chul Park,Charles Wyplosz
Publisher : Oxford University Press
Page : 190 pages
File Size : 48,7 Mb
Release : 2010-07
Category : Business & Economics
ISBN : 9780199587124

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Monetary and Financial Integration in East Asia by Yung Chul Park,Charles Wyplosz Pdf

The book analyses the Asian experience from both Asian and European perspectives.

Author : Takatoshi Ito,Anne O. Krueger
Publisher : University of Chicago Press
Page : 416 pages
File Size : 48,8 Mb
Release : 2007-12-01
Category : Business & Economics
ISBN : 9780226386959

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Financial Deregulation and Integration in East Asia by Takatoshi Ito,Anne O. Krueger Pdf

The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.

Author : Yŏng-chʻŏl Pak,Wonho Song,Yun-jong Wang
Publisher : 대외경제정책연구원
Page : 66 pages
File Size : 46,6 Mb
Release : 2003
Category : Banks and banking
ISBN : UCSD:31822030972061

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Finance and Economic Development in East Asia by Yŏng-chʻŏl Pak,Wonho Song,Yun-jong Wang Pdf

Author : Nick J Freeman
Publisher : Institute of Southeast Asian Studies
Page : 392 pages
File Size : 55,8 Mb
Release : 2003
Category : Business & Economics
ISBN : 981230181X

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Financing Southeast Asia's Economic Development by Nick J Freeman Pdf

This book examines the various policy options open to the ten countries of the region for improving and diversifying their financial resources. The Asian financial crisis exposed the vulnerabilities of Southeast Asia’s bank-based finance sector, and illustrated the pressing need to develop a more robust and multi-faceted financial infrastructure across the region. Looking ahead, sustained economic development in Southeast Asia will be constrained unless the region can embrace new sources of capital. Authored by experts in their respective fields, the chapters of this book examine such issues as the region’s current debt burden, the region’s banking sector since the 1997–98 crisis, micro-financing efforts in the region, new opportunities in project financing, developing venture capital capabilities, reviving foreign direct investment inflows, creating bond markets, developing the region’s lacklustre equity markets, and the potential benefits of financial integration.

Author : Stijn Claessens,Thomas C. Glaessner
Publisher : World Bank Publications
Page : 52 pages
File Size : 53,9 Mb
Release : 1997
Category : Business & Economics
ISBN : 0821340069

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Are Financial Sector Weaknesses Undermining the East Asian Miracle? by Stijn Claessens,Thomas C. Glaessner Pdf

IFC Technical Paper No. 3. Inflation plagues many of the developing countries in which the International Finance Corporation (IFC) operates. To date, however, little is known about the impact of inflation on the financial statements of firms in developing countries. The authors of this study have developed a simple algorithm, based on the method of inflation accounting used in Brazil, and have applied it to the accounts of listed companies in Turkey for the period 1982-90. The paper documents an inflation-induced bias in financial statements and introduces a methodology for adjusting corporate financial statements for inflation effects.

Author : Ky Cao
Publisher : Routledge
Page : 495 pages
File Size : 40,6 Mb
Release : 1995-11-16
Category : Business & Economics
ISBN : 9781134806157

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The Changing Capital Markets of East Asia by Ky Cao Pdf

In recent years much attention has been given to the unparalleled economic development of East Asia. In The Changing Capital Markets of East Asia the contributors look at the growing sophistication of capital markets in this area and discuss the possible economic and political consequences. The theme of the book is more strategic than technical and

Author : David C. Cole,Hal S. Scott,Philip A. Wellons
Publisher : Oxford University Press
Page : 485 pages
File Size : 49,7 Mb
Release : 1995-07-13
Category : Business & Economics
ISBN : 9780195360745

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Asian Money Markets by David C. Cole,Hal S. Scott,Philip A. Wellons Pdf

The countries of East and Southeast Asia have the world's most dynamic money markets. Essential to the Asian economy, their performance plays a crucial role in the successful development of other financial markets, such as those for business and consumer loans. This original study of the effect of government policy on the performance of money markets in the economies of this region (Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, and South Korea) is the only comprehensive book addressing this topic available today. Individual chapters were written by experts in the field, and were guided by a common research methodology. This book will be of great value to Pacific Basin specialists, bankers, academics, and public policy planners in finance.

Author : Yŏng-chʻŏl Pak
Publisher : KIEP
Page : 242 pages
File Size : 40,5 Mb
Release : 2006
Category : Capital movement
ISBN : UVA:X030209879

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Prospects for Regional Financial and Monetary Integration in East Asia by Yŏng-chʻŏl Pak Pdf

Author : Mr. Alfred Schipke
Publisher : International Monetary Fund
Page : 271 pages
File Size : 54,5 Mb
Release : 2015-04-10
Category : Business & Economics
ISBN : 9781498345613

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Frontier and Developing Asia: The Next Generation of Emerging Markets by Mr. Alfred Schipke Pdf

Frontier economies are receiving increasing attention from policymakers, investors, and academics. Compared with other low-income countries they have experienced rapid growth over the last two decades, giving rise to speculation as to whether they will become the next generation of emerging markets. This book looks at the growing importance of the countries that make up frontier and developing Asia from different angles, including achieving inclusive growth, financial sector deepening, and strengthening policy frameworks.