Financial Integration in East Asia
Format:Hardback
Publisher:Cambridge University Press
Published:27th Sep '99
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- Paperback£30.99(9780521121101)
This book examines the theory and practice of financial integration, with an emphasis on the recent upheavals in Asian financial markets.
Financial Integration in East Asia, first published in 1999, by Gordon De Brouwer features important research assessing the theory and practice of financial integration and provides the first major study of the recent upheavals in East Asian financial markets and economies.Financial Integration in East Asia, first published in 1999, examines the degree of domestic and financial openness in ten Asian countries (Japan, Australia, Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan and Thailand) and the effect financial openness has on the structure of the macroeconomy. After examining the reasons behind the 1997/98 financial crisis, Dr de Brouwer puts these in context by summarising the literature on the costs and benefits of financial reform. He then assesses the information that interest rate parity conditions have for financial openness, and sets out theoretical and empirical models to explore the link between market interest rates and intermediated interest rates on deposits and loans. Financial Integration in East Asia also contains reviews of the literature and regional developments, with clear policy analysis throughout.
"[This book] assesses the degree to which selected economies in East Asia and the western Pacific are becoming more financially integrated with the rest of the world and explores some of the implications of integration for fundamental economic structure in these economies." Journal of Economic Literature
ISBN: 9780521651486
Dimensions: 229mm x 152mm x 21mm
Weight: 600g
294 pages