Financial Sector Development in the Pacific Rim PDF Download

Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226386864
Category : Business & Economics
Languages : en
Pages : 402

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Book Description
The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. Financial Sector Development in the Pacific Rim offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.

Author: Takatoshi Ito
Publisher:
ISBN:
Category :
Languages : en
Pages : 389

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Book Description
The reform in Asian financial sectors-especially in banking and stock markets-has been remarkable since the currency crisis of 1997-98. East Asia is now a major player in international finance, providing serious competition to the more traditional financi.

Author: Michael Arthur Goldberg
Publisher:
ISBN:
Category :
Languages : en
Pages : 50

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Book Description

Author: Peter N. Nemetz
Publisher: UBC Press
ISBN: 0774842997
Category : Business & Economics
Languages : en
Pages : 377

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Book Description
As the importance of the Pacific Rim as a global centre of large-scale investment, development, and trade continues to increase, so do the potential benefits that Canada and other countries could reap as a result of an increased presence in this diverse region. This book, a revised, and to a large extent new, version of The Pacific Rim: Investment, Development, and Trade (1987), integrates a broad range of current economic data concerning the Pacific Rim with some of the more important theoretical issues in the area of economic development and trade. It demonstrates the paradoxical combination of strength and fragility that characterizes the emerging integrated Pacific Rim economy and attempts to clarify the nature of the framework and constraints that face foreign investors and trading partners.

Author: Takatoshi Ito
Publisher: University of Chicago Press
ISBN: 0226387089
Category : Business & Economics
Languages : en
Pages : 441

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Book Description
The imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance’s most perplexing mysteries. Although the United States continues to post a substantial trade deficit—and China reaps the benefits of a surplus—the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers’ understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. International Financial Issues in the Pacific Rim will have broad implications for global trade and economic policy issues in Asia and beyond.

Author: Ronald I. McKinnon
Publisher: Brookings Institution Press
ISBN: 9780815718499
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author: N. Wiegersma
Publisher: Springer
ISBN: 0333983866
Category : Business & Economics
Languages : en
Pages : 190

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Book Description
US aid interventions have greatly advantaged some countries in their quest for development, but not others. The extensive development assistance, technology transfers and market access that the United States government granted Taiwan and South Korea in their development and the aid recently given Costa Rica were important factors in their development successes. On the other hand, the inappropriate policies of the US in Vietnam in the fifties, El Salvador in the eighties and Nicaragua in the nineties, programmed these interventions to economic as well as political failure.

Author: Eric Jones
Publisher: Routledge
ISBN: 0429719191
Category : History
Languages : en
Pages : 325

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Book Description
Analyzing the long-term, historical development of the major economies around the Pacific Rim in language aimed at the general reader, Coming Full Circle throws light on the most important relationships in the region today as well as on the prospects for future economic development and political cooperation. The authors begin with a critique of the popular notion of an integrated "Pacific region," paying particular attention to the influence of geography and environment on population distribution and patterns of regional economic activity. Their study covers the diverse indigenous development of pre-European times, later periods of direct European influence, and the evolution of modern-day urban societies in the region. Finally, they track the rise of the United States and Japan as the dominant regional economic powers and forecast changes we can expect to see in the years ahead, noting in particular the increasing importance of China.

Author: Laurent Ferrara
Publisher: Springer
ISBN: 3319790757
Category : Business & Economics
Languages : en
Pages : 300

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Book Description
This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.

Author: Gary Dymski
Publisher: M.E. Sharpe
ISBN: 9780765606808
Category : Business & Economics
Languages : en
Pages : 408

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Book Description
This work analyzes the changes that financial globalization is bringing about in the housing and home-finance markets of the USA, Japan and South Korea, with special attention to the gender inequality.