Download or read book New International Financial Architecture and Korean Perspectives written by Tae-jun Kim and published by 대외경제정책연구원. This book was released on 2001 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New International Financial Architecture and Korean Perspectives written by and published by . This book was released on 2001 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Shocks and the New Global and Regional Financial Architecture written by Naoyuki Yoshino and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asian economies continue to be subject to new shocks: US monetary policy tightening, the adoption of negative-interest-rate policies by central banks all over the world, the slowdown of the People's Republic of China, and the sharp drop in oil and other commodity prices. All these highlight the vulnerability of the region to volatile trade and capital flows even as the global and Asian regional financial architecture evolves. This volume analyzes the vulnerabilities of Asian economies to external economic and financial shocks and assesses the performance of Asian regional institutions in financial surveillance and cooperation. It also evaluates ongoing reforms of the global financial architecture, including the International Monetary Fund (IMF), the Financial Stability Board, and reviews the experience of the "Troika" (European Commission, European Central Bank, and the IMF) in managing the European sovereign debt and banking crisis. Based on these, the book develops valuable recommendations to strengthen the Asian regional financial architecture and improve cooperation with global multilateral institutions.
Download or read book The Asian Financial Crisis New International Financial Architecture written by Shalendra Sharma and published by Manchester University Press. This book was released on 2003-10-03 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles," respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China remain conspicuously insulated from the turmoil raging in its midst? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. The book will be vital to students of economics, international political economy, Asian and development studies.
Download or read book Emerging Market Economies and Financial Globalization written by Leonardo E. Stanley and published by Anthem Press. This book was released on 2018-03-15 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.
Download or read book Reforming the International Financial Architecture written by Il SaKong and published by 대외투자개발원. This book was released on 2000 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Global Economic Architecture written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2014-11-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroecon
Download or read book The Asian Financial Crisis and the Architecture of Global Finance written by Gregory W. Noble and published by Cambridge University Press. This book was released on 2000-09-11 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the political and economic causes and consequences of the Asian financial crises.
Download or read book The Reform of the International Financial Architecture written by Rosa Lastra and published by Springer. This book was released on 2001 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at a conference in London in May 1999.
Download or read book Public Financial Management and Its Emerging Architecture written by Mr. M. Cangiano and published by International Monetary Fund. This book was released on 2013-04-05 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades, including fiscal responsibility legislation, fiscal rules, medium-term budget frameworks, fiscal councils, fiscal risk management techniques, performance budgeting, and accrual reporting and accounting. Not merely a handbook or manual describing practices in the field, the volume instead poses critical questions about innovations; the issues and challenges that have appeared along the way, including those associated with the global economic crisis; and how the ground can be prepared for the next generation of public financial management reforms. Watch Video of Book Launch
Download or read book The IMF and its Critics written by David Vines and published by Cambridge University Press. This book was released on 2004-02-26 with total page 470 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF is the first economic institution in line to protect countries from the effects of financial crises and to insulate the world economy from possible systemic risk. However, many argue that the IMF is insufficiently equipped to do this job, while others argue almost the opposite: the IMF's well-intentioned actions induce other countries to take risks which increase their exposure from both universities and the multilateral agencies, combines rigourous economic analysis with insider perspectives on key policy debates. It analyses the Asian and Argentine financial crises of the late 1990s, issues of policy ownership, the more general quest for financial stability and governance of the IMF. It is an essential reference for anyone interested in the role of international financial institutions in our globalised economy.
Download or read book International Financial Contagion written by Stijn Claessens and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: No sooner had the Asian crisis broken out in 1997 than the witch-hunt started. With great indignation every Asian economy pointed fingers. They were innocent bystanders. The fundamental reason for the crisis was this or that - most prominently contagion - but also the decline in exports of the new commodities (high-tech goods), the steep rise of the dollar, speculators, etc. The prominent question, of course, is whether contagion could really have been the key factor and, if so, what are the channels and mechanisms through which it operated in such a powerful manner. The question is obvious because until 1997, Asia's economies were generally believed to be immensely successful, stable and well managed. This question is of great importance not only in understanding just what happened, but also in shaping policies. In a world of pure contagion, i.e. when innocent bystanders are caught up and trampled by events not of their making and when consequences go far beyond ordinary international shocks, countries will need to look for better protective policies in the future. In such a world, the international financial system will need to change in order to offer better preventive and reactive policy measures to help avoid, or at least contain, financial crises.
Download or read book The Politics of the New International Financial Architecture written by Susanne Soederberg and published by Zed Books. This book was released on 2004-11 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a critique of the attempts of the G7 industrialized countries to rewrite the rules of international finance. It includes case studies on capital controls from Chile and Malaysia and is aimed at scholars and students of international political economy and development and reform activists.
Download or read book Financial Inclusion Innovation and Investments written by Ralph D. Christy and published by World Scientific. This book was released on 2011 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1. How can financial markets and biotechnology help the rural poor? / Ralph D. Christy [und weitere] -- 2. Financial development and growth : what role can foreign capital play? / Eswar Prasad [und weitere] -- 3. The securitization of microloans / Vicki L. Bogan -- 4. A vision for scaling microfinance : more than dollars and smarts / Deborah Burand -- 5. Innovations in index insurance for the poor in low-income countries / Jerry Skees -- 6. Overcoming poverty through improved agricultural technology / Robert W. Herdt -- 7. Agricultural biotechnology in Latin America : economic benefits, regional capacity, and policy options / Greg Traxler -- 8. Biotechnology, agriculture, and food security in Southern Africa : strategic policy challenges and opportunities / Steven Were Omamo and Klaus von Grebmer -- 9. Developing country options under TRIPS : choices to maximize biotech transfer / William Lesser and Deepthi Kolady -- 10. What matters to African firms? The relevance of perceptions data / Alan Gelb [und weiteren] -- 11. Making the most out of FDI in Africa / Norbert L.W. Wilson and Malick Diarrasouba
Download or read book Banking On Basel written by Daniel Tarullo and published by Columbia University Press. This book was released on 2008-11-30 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: The turmoil in financial markets that resulted from the 2007 subprime mortgage crisis in the United States indicates the need to dramatically transform regulation and supervision of financial institutions. Would these institutions have been sounder if the 2004 Revised Framework on International Convergence of Capital Measurement and Capital Standards (Basel II accord)—negotiated between 1999 and 2004—had already been fully implemented? Basel II represents a dramatic change in capital regulation of large banks in the countries represented on the Basel Committee on Banking Supervision: Its internal ratings–based approaches to capital regulation will allow large banks to use their own credit risk models to set minimum capital requirements. The Basel Committee itself implicitly acknowledged in spring 2008 that the revised framework would not have been adequate to contain the risks exposed by the subprime crisis and needed strengthening. This crisis has highlighted two more basic questions about Basel II: One, is the method of capital regulation incorporated in the revised framework fundamentally misguided? Two, even if the basic Basel II approach has promise as a paradigm for domestic regulation, is the effort at extensive international harmonization of capital rules and supervisory practice useful and appropriate? This book provides the answers. It evaluates Basel II as a bank regulatory paradigm and as an international arrangement, considers some possible alternatives, and recommends significant changes in the arrangement.
Download or read book Reform and Recovery in East Asia written by Peter Drysdale and published by Routledge. This book was released on 2003-09-02 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This exciting sequel to East Asia in Crisis offers a completely up-to-date assessment of the progress of East Asian recovery, including coverage of the controversial topic of the role of the state in East Asian development. Featuring an outstanding line-up of international contributors, many of whom also contributed to East Asia in Crisis, this title also provides a detailed review of the experience of the region's economies. It is stimulating and informative reading for all those interested in further understanding the dynamics of East Asian economic crisis and recovery.
Download or read book The IMF and the Politics of Financial Globalization written by B. Thirkell-White and published by Springer. This book was released on 2005-08-02 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian crisis triggered ongoing controversy over the IMF's role in a 'new international financial architecture'. This book argues for a political approach to crisis and reform, placing current debates in the context of the politics of financial regulation since Bretton Woods. It explores links between domestic political controversy over IMF policy in Indonesia, Korea, Malaysia and the United States and the broader politics of IMF decision-making. It argues that, unless political arrangements are reformed, the IMF will face further political challenges.
