Description
Asian Financial Integration
Impacts of the Global Crisis and Options for Regional Policies
Routledge Studies in the Growth Economies of Asia Series
Coordinators: Huang Yiping, Armstrong Shiro
Language: EnglishSubjects for Asian Financial Integration:
Keywords
Chai Yu; D.M; Nachane; Donald Hanna; Jianwei Xu; Kazumasa Iwata; Prasanna Gai; Shinji Takagi; Shiro Armstrong; Weijiang Feng; Yang Yao; Yu Yongding; High Saving Investment Correlation; UK Banking System; Systemically Important Financial Institutions; Federal Reserve; Played Back; East Asian Financial Cooperation; Regional Financial Integration; Asset Price Bubbles; Long Term Capital Management Crisis; Financial Integration; Capital Account Liberalization; Macro-prudential Policy; Chinese Government; Structured Credit Products; Asset Price Bubble Burst; Regional Financial Cooperation; GMM Regression; Gdp Growth; Quantitative Easing Policy; China's Foreign Exchange Reserves; Per-capita Gdp Growth; Foreign Reserve Fund; Nominal Effective Exchange Rates; Mobile Foreign Capital; China's Financial Reform
Publication date: 02-2014
Support: Print on demand
Publication date: 05-2017
· 15.6x23.4 cm · Paperback
Description
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In the wake of the global financial crisis, Asia is leading the global recovery with strong economic growth. However, this book argues that, in the coming years, the region will need to play a much more active role in shaping the future global financial system and, in turn, suggests policy strategies for doing so.
Asian Financial Integration explores the lessons we can learn from Asia?s experience during the global financial crisis in terms of the future direction of the region?s economic policy and the challenges posed by the opening and deepening of its financial markets. The contributors deal with a number of crucial questions, including what Asia should learn from the crisis, especially with regards to financial innovation and regulation; whether global imbalances are a result of policy distortions or a natural outcome of global division of labour; what are the lessons and implications from the financial market reform and liberalization experiences of some of the region?s major economies; and what should Asia do to promote regional financial integration, particularly with regards to currency integration.
This book will be welcomed by students and scholars interested in Asian economics and international economics, as well as by policy-makers working in the field.
1. New challenges for Asian financial integration2. The global financial market crisis: policy lessons for Asia 3. International division of labour and global imbalances4. Measuring systemic risk: implications for financial stability and Asian policy-makers5. Demographic changes and asset price bubbles: lessons from Japan 6. China’s responses to the global economic crisis 7. China’s financial reform and financial integration in East Asia 8. Capital account liberalization in India: a post-crisis evaluation9. Financial integration in Asia: regional and Japanese perspectives 10. Strategies for Asian exchange-rate policy cooperation
Yiping Huang is Professor of Economics and Deputy Dean of the National School of Development at Peking University and an Adjugant Professor at the Crawford School of Public Policy at the Australian National University.
Shiro Armstrong is a Senior Research Fellow at the Crawford School of Public Policy at the Australian National University and Director of the East Asian Bureau of Economic Research, as well as the co-editor of the East Asia Forum.