Research Catalog

Financial deregulation and integration in East Asia

Title: Financial deregulation and integration in East Asia / edited by Takatoshi Ito and Anne O. Krueger.
Publication: Chicago : University of Chicago Press, 1996.

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Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Request in advance	HG187.E37 F548 1996	Off-site

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Description

xi, 401 pages : illustrations; 24 cm.

Summary

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 impact of financial liberalization in Japan, Korea, and Singapore, macroeconomic policy implications for financial management of export-led growth in Korea and Taiwan, the roles of the United States and Japan in trading with Asian countries, and the effects of foreign direct investment in China.
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.

Series Statement

NBER-East Asia seminar on economics ; v. 5

Uniform Title

NBER-East Asia Seminar on Economics (Series) ; v. 5.

Subjects

Note

"Contains edited versions of papers presented at the NBER-East Asia Seminar on Economics fifth Annual conference, held in Singapore, June 15-17, 1994"--Acknowl.

Bibliography (note)

Contents

Introduction / Takatoshi Ito and Anne O. Krueger -- 1. Credible Liberalizations and International Capital Flows: The "Overborrowing Syndrome" / Ronald I. McKinnon and Huw Pill -- 2. Japanese and U.S. Exports and Investment as Conduits of Growth / Jonathan Eaton and Akiko Tamura -- 3. Foreign Direct Investment in China: Sources and Consequences / Shang-Jin Wei -- 4. Interdependence through Capital Flows in Pacific Asia and the Role of Japan / Akira Kohsaka -- 5. The Structural Determinants of Invoice Currencies in Japan: The Case of Foreign Trade with East Asian Countries / Shin-ichi Fukuda -- 6. An Evaluation of Japanese Financial Liberalization: A Case Study of Corporate Bond Markets / Akiyoshi Horiuchi -- 7. The Role of Macroeconomic Policy in Export-Led Growth: The Experience of Taiwan and South Korea / Kenneth S. Lin, Hsiu-Yun Lee and Bor-Yi Huang -- 8. Money and Prices in Taiwan in the 1980s / Ya-Hwei Yang and Jia-Dong Shea --
9. Financial Liberalization: The Korean Experience / Won-Am Park -- 10. The Principal Transactions Bank System in Korea and a Search for a New Bank-Business Relationship / Sang-Woo Nam -- 11. Monetary Autonomy in the Presence of Capital Flows: And Never the Twain Shall Meet, Except in East Asia? / Wing Thye Woo and Kenjiro Hirayama -- 12. Interest Parity and Dynamic Capital Mobility: The Experience of Singapore / Tse Yiu Kuen and Tan Kim Song -- 13. Singapore as a Financial Center: New Developments, Challenges, and Prospects / Ngiam Kee Jin.

ISBN

0226386716 (cloth)

LCCN

95025306

OCLC

Owning Institutions

Columbia University Libraries