Download or read book Are Emerging Asia s Reserves Really Too High written by Marta Ruiz-Arranz and published by International Monetary Fund. This book was released on 2008-08-01 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical analysis does not suggest that reserves are "too high" in the majority of Asian countries, though China may be a special case. Much of the reserve increase in Asia can be explained by an optimal insurance model under which reserves provide a steady source of liquidity to cushion the impact of a sudden stop in capital inflows on output and consumption. Moreover, the benefits of reserves in terms of reduced spreads on privately held external debt further explains the observed growth in reserves since 1997-98. Using threshold estimation techniques, the paper shows that most of Asia can still benefit from higher reserves in terms of reduced borrowing costs.

Download or read book Macroeconomic Policies in Indonesia written by Anwar Nasution and published by Routledge. This book was released on 2014-12-05 with total page 492 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives insight on the dynamics and route of economic policies that have been taken and implemented since the point of institutional reforms in 1998 that were triggered from the context of the financial crisis in 1997/1998. The condition brought a different paradigm on the landscape of economic and development policies, especially in the case of the monetary and financial structure, the international trade sector, the manufacturing sector, the taxes administration policy and the evolved context of decentralization and development of public sector policies in general. Given state of current economic development, this book offers suggestions to address economic issues that require improvements. This book is unique as: 1) it is about Indonesia, a country mostly affected by 1997/1998 financial crisis, which also lead to a change in regime; 2) it covers a broad range of thematic topics on sectors development and institutional changes from major policies that have been taken; and 3) it posits both existing and future challenges on monetary and financial sectors, trade, manufacturing and competitiveness, as well as on development of decentralization policies.

Download or read book The Future of the Global Financial System Downfall or Harmony written by Elena G. Popkova and published by Springer. This book was released on 2018-11-03 with total page 1299 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers the best papers presented at the conference “The Future of the Global Financial System: Downfall or Harmony”, which took place in Limassol, Cyprus on April 13-14, 2018. Organized by the Institute of Scientific Communications (Volgograd, Russia), the conference chiefly focused on reassessing the role and meaning of the global financial system in the modern global economy in light of the crisis that began in 2008 and can still be observed in many countries, and on developing conceptual and applied recommendations on spurring the development of the global financial system. All works underwent peer-review and conform to strict criteria, including a high level of originality (more than 90%), elements of scientific novelty, contribution to the development of economic science, and broad possibilities for practical application. The target audience of this scientific work includes postgraduates, lecturers at higher educational establishments, and researchers studying the modern global financial system. Based on the authors’ conclusions and results, readers will be equipped to pursue their own scientific research. The topics addressed include (but are not limited to) the following issues, which are interesting for modern economic science and practice: financial globalization, the role of finances in the global economy, perspectives of transition in the financial system from part of the infrastructure to a new vector of development in the global economy in the 21st century, reasons for the crisis of the modern financial system and ways of overcoming it, problems and perspectives regarding the harmonization of the global financial system, and scenarios of development for the global financial system. The content is divided into the following parts: development of financial systems at the micro-, meso- and macro-levels, financial infrastructure of the modern economy, legal issues of development of the modern financial system, and management of the global financial system.

Download or read book Monetary and Financial Integration in East Asia written by Yung Chul Park and published by Oxford University Press. This book was released on 2010-07 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book analyses the Asian experience from both Asian and European perspectives.

Download or read book Managing the Macroeconomy written by Ramkishen S. Rajan and published by Springer. This book was released on 2015-08-04 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: While offering many growth-enhancing opportunities, India's ever-increasing integration with the world economy has given rise to a host of new challenges in managing the economy. This book provides an up-to-date empirical assessment of some of India's crucial policy challenges pertaining to its monetary and external sector management.

Download or read book Macrofinancial Linkages written by Mr.Christopher W. Crowe and published by International Monetary Fund. This book was released on 2010-08-25 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Macrofinancial linkages have long been at the core of the IMF's mandate to oversee the stability of the global financial system. With the advent of the economic crisis, the Fund has drawn on this research in order to contribute to critical debates on the nature of appropriate policy responses at both the national and multilateral levels. The current juncture offers a good opportunity to take stock of this body of research by IMF staff and to share it with a wider audience, particularly since few collections have been published in this area. This volume brings together some of the best writing by IMF economists on macrofinancial issues, and highlights the issues and approaches that have guided IMF thinking in an area that makes up an increasingly important component of the IMF's overall remit. The chapters in the volume fit into three broad themes: financial crises and boom-bust cycles; financial integration, financial liberalization, and economic performance; and policy issues relating to macroeconomic policy and the corporate and financial sectors-including domestic and external financial liberalization.

Download or read book World Economic Outlook October 2008 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2008-10-10 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: A unique international exercise in information-gathering and analysis An extraordinary confluence of global forces has kept the world economy strong in the past few years, but there are now numerous challenges to growth. The World Economic Outlook (WEO) presents the IMF's leading economists' analyses of global economic developments during the near and medium terms. It is a respected, one-stop, trusted resource offering remarkable insight, balance, and perspective to decision makers and policymakers worldwide. Published at least twice yearly, the World Economic Outlook presents the outlook for growth, inflation, trade, and other economic developments in a clear, practical format. Each WEO considers the issues affecting advanced and emerging economies. The analytic chapters provide the global intelligence required to deal with global interdependence. These analyses focus on pressing concerns or hotly debated issues, putting prospects for liquidity, inflation, and growth into context. The statistical appendix presents historical data as well as projections and selected series from World Economic Outlook database updated for each report. The October 2008 edition examines commodity prices and inflation, economic cycles in the aftermath of financial crises, the role of fiscal policy during downturns, and current account imbalances in emerging economies. Recent analytic chapters have examined climate change, the housing cycle, commodity prices, capital inflows, globalization and inequality, and the global business cycle.

Download or read book The New International Monetary System written by Charles Wyplosz and published by Routledge. This book was released on 2010-02-25 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New International Monetary System brings together twelve original contributions by leading scholars and practitioners to a conference convened in May 2008 on the occasion of the retirement of Alexander Swoboda. The contributions are arranged in three main parts. Part I deals with the international financial architecture, Part II examines the ever-controversial role of exchange rate regimes and Part III takes stock of the conduct of monetary policy and the challenges posed by the inflation-targeting strategy. The chapters provide considered assessments of virtually all the hotly debated issues that concern monetary policies seen from an international perspective. Edited by and with an introduction from Charles Wyplosz, the collection includes contributions from some of the key international figures in the field of monetary policy, central banking and exchange rate regimes to discuss contemporary international monetary issues. Contributors include Michael Bordo, Barry Eichengreen, Ronald McKinnon and Charles Goodhart. The volume also contains tributes from Paul Volcker and Jean-Pierre Roth.

Download or read book World Economic Outlook October 2012 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2012-10-08 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: The October 2012 World Economic Outlook (WEO) assesses the prospects for the global recovery in light of such risks as the ongoing euro area crisis and the "fiscal cliff" facing U.S. policymakers. Reducing the risks to the medium-term outlook implies reducing public debt in the major advanced economies, and Chapter 3 explores 100 years of history of dealing with public debt overhangs. In emerging market and developing economies, activity has been slowed by policy tightening in response to capacity constraints, weaker demand from advanced economies, and country-specific factors, but policy improvements have raised these economies' resilience to shocks, an issue explored in depth in Chapter 4.

Download or read book The Asian Crisis Turns Global written by Manuel F. Montes and published by Institute of Southeast Asian Studies. This book was released on 1999-02-22 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: In August 1998, the Asian currency crisis that had started in mid-1997 metastasized into a global financial crisis with the devaluation of the rouble and a declaration of a Russian Government default on its internal debt. Is this the first wave of such crises the world will see in the future? One common feature among the countries that have fallen victim to the crisis is that they were all "darlings of international finance". Before the financial crisis of 1997, international investors poured money into the stock markets of the East Asian economies, Latin America, Russia, and Eastern Europe. That the crisis afflicted the very countries that depended most heavily on the international economy for their economic growth suggests the importance of the international dimension -- this is the focus of this book. Even though, from the outside, the currency collapses looked similar, the analysis also identifies the important differences in domestic causes as it spread through the different economies.

Download or read book IMF Research Bulletin December 2008 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2008-12-11 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: December 2008: IMF research summaries on global herding in financial markets (by Marco Cipriani) and on fiscal decentralization (by Lusine Lusinyan); article on the experiences of IMF staff at the Nobel Laureate Meetings in Lindau, Germany (by Chris Crowe); listing of visiting scholars at the IMF during August–December 2008; listing of contents of Vol. 55 No. 4 of IMF Staff Papers; listing of recent IMF Working Papers; listing of recent external publications by IMF staff; and a Call for Papers for an upcoming conference on structural reforms.

Download or read book Asia and Policymaking for the Global Economy written by Kemal Dervis and published by Brookings Institution Press. This book was released on 2011-06-01 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Asian Development Bank publication In this collaboration between the Brookings Institution and the Asian Development Bank Institute, eminent international economists examine the increased influence of Asian nations in the governance of global economic affairs, from the changing role of the G-20 to the reform of multilateral organizations such as the International Monetary Fund. Established in the aftermath of the Asian financial crisis at the ministerial level, the G-20 has served as a high-level platform for discussing economic analyses and policy responses since 1999. During the current global financial crisis, however, the G-20's role moved toward that of a global crisis management committee at the leadership level. The challenge now for the G-20 is to succeed in fostering ongoing and increasing cooperation among its members while being supportive of, rather than trying to replace, more universal institutions. After analyzing the dynamics of growth in Asia comparatively and historically, the volume appraises the scope for policy coordination among key economies. The contributors analyze financial stability in emerging Asia and then assess the implications of Asia's increasing role within the newly emerging system of global economic governance, focusing especially on reform of the international monetary structure. Contributors: Dony Alex (ICRIER, New Delhi), Kemal Dervis¸ (Brookings), Hasan Ersel (Sabanci University), Karim Foda (Brookings), Yiping Huang (Peking University), Masahiro Kawai (ADBI), Rajiv Kumar (FICCI, New Delhi), Domenico Lombardi(Oxford University and Brookings), José Antonio Ocampo (Columbia University),Jim O'Neill (Goldman Sachs)

Download or read book Mining Journal written by and published by . This book was released on 1926 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Interests In The New Taiwan written by Martin L Lasater and published by Routledge. This book was released on 2021-11-28 with total page 221 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on a persistent crux of Sino-American relations, the author shows how an essentially new Taiwan has emerged in terms of political, economic, diplomatic and security developments. He explores the future prospects of the new Taiwan and analyzes its implications for US interests and policy.

Download or read book Risk and the State written by Phillip G. LeBel and published by BrownWalker Press. This book was released on 2021-04-01 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resources. At the same time, incomplete information generates prices that can lead to a mis-allocation, producing in some cases too little while in others too much of a good. Matters become more complicated when striking a balance is influenced by our perceptions of risk. Here, neuroscience provides insights into which, and what kind of public sector interventions one should consider. While there are many types of risk – political, economic, financial, and environmental as individuals confront any crisis, our perceptions of risk can alter significantly the extent to which we look to public sector intervention as a response. In the short run, crises many be managed through greater public intervention while in the long run, economic fundamentals still drive key decisions, and thus the extent to which a given mix meets a test of political legitimacy. At a time of deepening partisan political divisions, the respective roles of the private and public sectors are once again in flux. These changing roles shape our notions of political legitimacy, especially in the presence of risk. Neuroscience provides critical insights on how we perceive risk, and in turn, make decisions. In this well researched book, economist Phillip LeBel explores the various roles of states and markets, with a focus on how we respond to key issues in managing public health and the environment. In looking at the natural environment and public health, while perceptions of risk may shape short-term responses, the challenge we face over the long term is to craft incentives that promote sustainability and improved health of a society. Basic science always should guide public policy, even in the presence of risk. Reforming public sector institutions for greater transparency and accountability are important key steps in the respective roles of states and markets, for which some suggested changes are put forth here. In the end, personal and social identity depend critically on how we manage information to craft a sustainable, inclusive, and economically viable future. The January 6, 2021 Capitol insurrection in Washington, D.C. reminds us of the need to establish a common understanding of scientific evidence and how this shapes our views of democratic governance. This book comes at a time when such an analysis is needed now more than ever.Economics demonstrates how markets can serve as remarkably efficient institutions in allocating scarce resources. At the same time, incomplete information generates prices that can lead to a mis-allocation, producing in some cases too little while in others too much of a good. Matters become more complicated when striking a balance is influenced by our perceptions of risk. Here, neuroscience provides insights into which, and what kind of public sector interventions one should consider. While there are many types of risk – political, economic, financial, and environmental as individuals confront any crisis, our perceptions of risk can alter significantly the extent to which we look to public sector intervention as a response. In the short run, crises many be managed through greater public intervention while in the long run, economic fundamentals still drive key decisions, and thus the extent to which a given mix meets a test of political legitimacy. At a time of deepening partisan political divisions, the respective roles of the private and public sectors are once again in flux. These changing roles shape our notions of political legitimacy, especially in the presence of risk. Neuroscience provides critical insights on how we perceive risk, and in turn, make decisions. In this well researched book, economist Phillip LeBel explores the various roles of states and markets, with a focus on how we respond to key issues in managing public health and the environment. In looking at the natural environment and public health, while perceptions of risk may shape short-term responses, the challenge we face over the long term is to craft incentives that promote sustainability and improved health of a society. Basic science always should guide public policy, even in the presence of risk. Reforming public sector institutions for greater transparency and accountability are important key steps in the respective roles of states and markets, for which some suggested changes are put forth here. In the end, personal and social identity depend critically on how we manage information to craft a sustainable, inclusive, and economically viable future. The January 6, 2021 Capitol insurrection in Washington, D.C. reminds us of the need to establish a common understanding of scientific evidence and how this shapes our views of democratic governance. This book comes at a time when such an analysis is needed now more than ever.

Download or read book Macroeconomic Stability and Financial Regulation Key Issues for the G20 written by and published by CEPR. This book was released on with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book New Perspectives on Asset Price Bubbles written by Douglas D. Evanoff and published by OUP USA. This book was released on 2012-02-08 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume critically re-examines the profession's understanding of asset bubbles in light of the global financial crisis of 2007-09. It is well known that bubbles have occurred in the past, with the October 1929 crash as the most demonstrative example. However, the remarkably well-behaved performance of the US economy from 1945 to 2006, and, in particular during the Great Moderation period of 1984 to 2006, assured the economics profession and monetary policymakers that asset bubbles could be effectively managed with little or no real economic impact. The recent financial crisis has now triggered a debate about the emergence of a sequence of repeated bubbles in the Nasdaq market, housing market, credit market, and commodity markets. The realities of the crisis have intensified theoretical modeling, empirical methodologies, and debate on policy issues surrounding asset price bubbles and their potentially adverse economic impact if poorly managed. Taking a novel approach, the editors of this book present five classic papers that represent accepted thinking about asset bubbles prior to the financial crisis. They also include original papers challenging orthodox thinking and presenting new insights. A summary essay highlights the lessons learned and experiences gained since the crisis.