A New Financial Market Structure for East Asia - Hardcover

Hardcover

ISBN 10: 1843769433 ISBN 13: 9781843769439

Publisher: Edward Elgar Publishing, 2006

Synopsis

In the rush to globalization it would seem East Asia has many natural advantages, not the least of which are a relatively high rate of savings, a substantial and skilled labor force, and commitment to increased profitability. However, contend the contributors of these 18 articles, East Asia also has a significant impediment to further development because it has a high short-term debt market and depends so much on financial centers outside the region. They cover the recent financial liberalization and attempts at capital market integration, including the lessons learned from European monetary integration and the new business cycles in the East Asian region, the financial centers primed to serve the region, including the differing situations of Tokyo, Hong Kong, Singapore, Korea, Malaysia, Thailand, Indonesia, Shanghai and Australia, and the means whereby those high savings can be put to better use in financial markets. Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)

About this title

About the Author:

Edited by Yung Chul Park, Korea University, Korea, Takatoshi Ito, Professor, Research Center for Advanced Science and Technology, University of Tokyo, Japan and Yunjong Wang, Vice President, Economic Research Office, SK Research Institute for SUPEX Management, Korea

Review:

`The general topic is important and highly policy relevant; the authors are well-known, outstanding specialists; and the contents are very good, and very readable. I am impressed by the substance evidently embodied in each chapter. The discussion and analysis is sensible and appropriately careful, nuanced, and cautious. The text is well written, logical and clear and I am confident this book will have great appeal among scholars and market practitioners. The topics are important, even hot, and will continue to be.' -- Hugh Patrick, Center on Japanese Economy and Business, Columbia Business School, US

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 2006
• ISBN 10: 1843769433
• ISBN 13: 9781843769439
• Binding: Hardcover
• Number of pages: 544
• Editor: Park Yung Chul, Ito Takatoshi, Wang Yunjong