Financial Integration in East Asia (Hardcover)

Gordon de Brouwer

ISBN 10: 0521651484 / ISBN 13: 9780521651486

Published by Cambridge University Press, Cambridge, 1999

Hardcover. 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. 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. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780521651486

Synopsis:

Financial Intergration in East Asia explains the different methods economists use to assess how open a country's financial system is to domestic and international influences, and applies these tests to ten countries in East Asia. It explains how a country that has an open financial system differs from one that is controlled. It explains what happened in East Asia in 1997/98 and reviews the costs and benefits of open financial markets. While it has appeal for the technical reader, the book uses ordinary language and emphasizes economic intuition. The topic is relatively new and fundamentally important to the way governments and markets work in East Asia.

Book Description: Financial Integration in East Asia 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. With case-study material from countries including Japan, Australia, Indonesia, South Korea and Singapore, this is a neat complemantary volume to the recent Cambridge collection Building A Modern Financial System: The Indonesian Experience by Betty Slade and David Cole and the collection Europe, East Asia and APEC edited by David Vines and Peter Drysdale.

Bibliographic Details

Title: Financial Integration in East Asia (...
Publisher: Cambridge University Press, Cambridge
Publication Date: 1999
Binding: Hardcover
Condition: new