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Saving, Investment and International Capital Mobility in East Asia
Author: Sŏng-hyŏn Kim
Publisher:
Published: 2004
Total Pages:
ISBN-13: 9788932210889
DOWNLOAD EBOOK →Saving, Investment, and Growth in Developing Countries
Author: Klaus Schmidt-Hebbel
Publisher: World Bank Publications
Published: 1994
Total Pages: 54
ISBN-13:
DOWNLOAD EBOOK →Capital Mobility in Asia
Author: Juthathip Jongwanich
Publisher: Flipside Digital Content Company Inc.
Published: 2018-02-14
Total Pages: 180
ISBN-13: 981478608X
DOWNLOAD EBOOK →Ever since the East Asian financial crisis it has been recognized that emerging market economies are vulnerable to both excessive inflows of capital and sudden outflows. This book presents new research on the determinants and effects of capital flows as well as the effectiveness of capital control policies in dealing with volatile capital flows in emerging Asian countries. It examine three issues related to capital movements in Asia: (1) the key factors determining such mobility; (2) the impact of capital movements in a home country, especially on real exchange rates; and (3) the effectiveness of capital account policies.
Coping with Capital Flows in East Asia
Author: C. H. Kwan
Publisher: Institute of Southeast Asian Studies
Published: 1998
Total Pages: 344
ISBN-13: 9789812300164
DOWNLOAD EBOOK →This timely book examines how the countries of East Asia coped with the vast pool of international capital that flowed into the region during the early 1990s. East Asia appeared to be doing well. But, as this book was in preparation in 1997, a currency crisis sent capital fleeing and catapulted the East Asian economies into turmoil. Country-specific updates describe events since July 1997, how government authorities addressed the crisis, and what lessons can be learned.
Financial Deregulation and Integration in East Asia
Author: Takatoshi Ito
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 416
ISBN-13: 0226386953
DOWNLOAD EBOOK →The increased mobility and volume of international capital flows is a striking trend in international finance. While countries worldwide have engaged in financial deregulation, nowhere is this pattern more pronounced than in East Asia, where it has affected in unanticipated ways the behavior of exchange rates, interest rates, and capital flows. In these thirteen essays, American and Asian scholars analyze the effects of financial deregulation and integration on East Asian markets. Topics covered include the roles of the United States and Japan in trading with Asian countries, macroeconomic policy implications of export-led growth in Korea and Taiwan, the effects of foreign direct investment in China, and the impact of financial liberalization in Japan, Korea, and Singapore. Demonstrating the complexity of financial deregulation and the challenges it poses for policy makers, this volume provides an excellent picture of the overall status of East Asian financial markets for scholars in international finance and Asian economic development.
Open Economy Macroeconomics in East Asia
Author: Ahmad Zubaidi Baharumshah
Publisher: Routledge
Published: 2017-11-30
Total Pages: 260
ISBN-13: 1351152114
DOWNLOAD EBOOK →The East Asia countries were among the fastest growing economies in the world and of increasing importance to the world economy. These countries have taken the lead in adopting outward-oriented development policies. This volume focuses on the major issues on open economy macroeconomics in the East Asia economies that will be instructive to both academics and policymakers. The emphasis is on the countries that were severely affected by the 1997/98 Asian financial crises. Several aspects of exchange rate, current account, budget deficits, monetary and financial issues are considered in this book. In addition, several chapters are devoted to discussion on the issues of economic integration in the region. The contagion and the currency crisis are also discussed thoroughly. Most of the chapters are empirical in nature and the empirical evidence provided is based on the recent development in time series econometrics methods.
Economic Integration and Multinational Investment Behavior
Author: Pierre-Bruno Ruffini
Publisher: Edward Elgar Publishing
Published: 2004
Total Pages: 488
ISBN-13:
DOWNLOAD EBOOK →This book presents important and original studies of international trade and investment in relation to regional economic integration, with particular reference to the experiences of Europe and East Asia. The distinguished contributors illustrate and explain how the location decisions of firms, international trade and capital flows can form, stimulate and shape economic regions in the global economy. The authors address several important themes including: the factors which determine the location choices of multinational firms location decisions of multinational firms in relation to their global performance the growing importance of East Asia as a recipient zone for foreign direct investment the impact of foreign direct investment on Asian host countries the role of trade and investment in regional economic integration. Economic Integration and Multinational Investment Behaviour will be welcomed by researchers with an interest in economic geography, international economies and business, European and East Asian studies, and globalization.
International Capital Flows
Author: Martin Feldstein
Publisher: University of Chicago Press
Published: 2007-12-01
Total Pages: 500
ISBN-13: 0226241807
DOWNLOAD EBOOK →Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
The Dynamics of Asian Financial Integration
Author: Michael Devereux
Publisher: Taylor & Francis
Published: 2011-05-03
Total Pages: 342
ISBN-13: 1136847626
DOWNLOAD EBOOK →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.
