Download or read book Regional Vs Global Risk Sharing in East Asia written by Soyoung Kim and published by KIEP. This book was released on 2004 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Dynamics of Asian Financial Integration written by Michael Devereux and published by Taylor & Francis. This book was released on 2011-05-03 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ongoing global financial crisis has manifested a remarkable degree of global financial integration—and its implications—for emerging Asian financial markets. The current crisis will not and should not deter the progress that the region has made toward financial openness and integration. However, events like this clearly demonstrate that financial liberalization and integration is not without risks. Hence, emerging Asian economies' growing financial ties have motivated us to look closer at the repercussions of increased financial integration and evaluate the benefits of risk sharing and better access to international capital markets against the costs of cross-border financial contagion. The crisis also presents a timely opportunity for the region’s policy makers to rethink their strategies for financial deregulation and liberalization and to reconsider a next step to integrate emerging East Asia’s financial markets further. However, doing so requires deeper understanding of financial market integration. While much has been said in both academic and policy circles about financial globalization and regional financial integration as separate areas of study, existing research has been relatively silent on the dynamics between these two distinctive forces. The book addresses this gap in financial literature and assesses financial integration in emerging East Asia at both regional and global levels. The publication studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration, (ii) understanding dynamics of regional financial integration versus global financial integration, and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by the book.
Download or read book risk sharing opportunities and maroeconomic factors in latin american and caribbean countries a consumption insurance assessment written by and published by World Bank Publications. This book was released on with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Development and Islamic Finance written by Zamir Iqbal and published by World Bank Publications. This book was released on 2013-08-05 with total page 375 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Islamic finance is one of the fastest growing segments of emerging global financial markets, its concepts are not fully exploited especially in the areas of economic development, inclusion, access to finance, and public policy. This volume is to improve understanding of the perspective of Islamic finance on economic development, social and economic justice, human welfare, and economic growth.
Download or read book Costs and Benefits of Economic Integration in Asia written by Robert J. Barro and published by Oxford University Press. This book was released on 2011-01-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costs and Benefits of Economic Integration in Asia brings together authoritative essays that identify and examine various initiatives to promote economic integration in Asia.
Download or read book China Asia and the New World Economy written by Barry Eichengreen and published by Oxford University Press on Demand. This book was released on 2008-02-21 with total page 429 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely collection of fifteen essays by leading economists explores how rapid economic growth in China and elsewhere in Asia is reshaping the world economy.
Download or read book Regional Vs Global Risk Sharing in East Asia written by Soyoung Kim and published by . This book was released on 2004 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Regionalization vs Globalization written by Mr.Hideaki Hirata and published by International Monetary Fund. This book was released on 2013-01-22 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the global, regional, and country-specific factors in explaining business cycles in a large sample of countries and regions over the period 1960–2010. We find that, since the mid-1980s, the importance of regional factors has increased markedly in explaining business cycles especially in regions that experienced a sharp growth in intra-regional trade and financial flows. By contrast, the relative importance of the global factor has declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business cycles.
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 Development Centre Studies Policy Coherence Towards East Asia Development Challenges for OECD Countries written by OECD Development Centre and published by OECD Publishing. This book was released on 2005-11-17 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at the impact of OECD country policies on East Asia in trade, investment, agriculture, finance, aid, macroeconomic policies and regional co-operation. Further, it examines the interaction of OECD country policies and their coherence with each other.
Download or read book Asian Economic Integration Monitor written by Asian Development Bank and published by Asian Development Bank. This book was released on 2013-03-01 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian Economic Integration Monitor is a semiannual review of Asia's regional economic cooperation and integration. It covers the 48 regional members of the Asian Development Bank. This issue includes a special chapter---Multilateralizing Asian Regionalism: Approaches to Unraveling the Asian Noodle Bowl.
Download or read book Saving Investment and International Capital Mobility in East Asia written by Soyoung Kim and published by 대외경제정책연구원. This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book East Asian Finance written by Swati R. Ghosh and published by World Bank Publications. This book was released on 2006-01-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Globalization and Economic Integration written by Noel Gaston and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Noel Gaston and Ahmed M. Khalid s volume offers fascinating insights on the development, causes, and consequences of globalization in the Asia-Pacific. The outstanding collection of chapters combines theory with rigorous econometrics, making the book a must-read for every student of globalization. At a time where the global crisis gave new arguments to the critics of globalization, the questions raised in this book, and the answers given, are essential reading for academics and politicians alike. Axel Dreher, University of Goettingen, Germany Given the importance of globalization in today s world, this salutary and timely book explores how globalization is specifically shaping the Asia-Pacific. It investigates future prospects and challenges, identifies the key winners and losers, and concludes in many cases that the portents for globalization are not particularly promising. Prominent economists and policy scholars examine a wide range of topics pertinent to globalization and economic integration in the Asia-Pacific, encompassing macroeconomic coordination and financial market integration; regionalism and preferential trade agreements; and immigration and labor markets, including gender issues and the impact of outsourcing. Through these analyses, the expert contributors illustrate the importance of market participants and regulators clearly understanding the risks associated with the present stage of globalization. They show that national policy makers need to reconfigure the regulatory framework following international lessons from previous financial crises experienced in the last two decades, and that financial literacy is essential for market participants, especially in emerging economies. Many of the issues discussed will prove useful in promoting the development of a new international financial architecture, comprising measures that will help reap the full benefits of globalization. This stimulating and challenging book will strongly appeal to academics, advanced undergraduates, postgraduates, researchers, and policy makers in the fields of Asian studies, international economics, and international business.
Download or read book Asian Financial Integration written by Mr.Eduardo Borensztein and published by International Monetary Fund. This book was released on 2011-01-01 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper compares trends in financial integration within Asia with those in industrialized countries and other regional groups. Declines in cross-country dispersion in equity returns and interest rates suggest increased Asian integration, with the process interrupted by crises and global volatility. Cross-border equity and bond holdings have also increased, but Asian countries remain considerably more financially integrated with major countries outside the region than with those within the region. The paper also discusses whether potential benefits of regional financial integration, such as increased risk-sharing and stability of the investor base, have materialized.
Download or read book Regional Science Matters written by Peter Nijkamp and published by Springer. This book was released on 2014-11-20 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a collection of fresh and novel contributions to regional science. They commemorate the scientific inheritance of the founding father of regional science, the late Walter Isard. All papers are written by well-known scholars in the field and serve to highlight the great importance of regional science theory and methodology for a better understanding of current spatial and environmental problems throughout our planet. The book showcases a multidisciplinary panorama of modern regional science research and presents new insights by applying regional science approaches.
Download or read book Real and Financial Integration in Asia written by Shandre M. Thangavelu and published by Routledge. This book was released on 2012-10-02 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates the impact of both real and financial integration to growth and to welfare, and to enquire whether increases in either or both forms build the linkage between the real and financial economy. It contributes to the following two areas: (1) Research of economic developments in East Asia, the most dynamic and populous region in the world, in itself is important for researchers, policy makers, journalists, business people and others. East Asia’s economic developments influence peoples’ lives not only in East Asia but also in other parts of the world. (2) Many aspects of East Asian experiences in economic development are unique, making research of East Asia attractive and important to discern mechanisms of economic development. The first part of this study begins with chapters that address the measurement of regional integration compared with the engagement with the global economy and how this influences the aggregate behavior of the economies. The second part turns to consideration of the financial sector and the efficiency and performance of banking in the region. This allows a discussion whether, in the current crisis, the banking sector was an important channel of financial shock into real behavior. The third part turns to the corporate sector. Using data on firms, type of finance used by firms, its impact on their performance, and ownership structure influence over the productivity growth are discussed. Based on the findings, the book presents several policy recommendation and future research agenda for further economic integration in East Asia.
