Research Catalog

Title

Asia in the global economy : finance, trade and investment / Ramkishen S. Rajan, Sunil Rongala.

Author

Rajan, Ramkishen S.

Publication

Hackensack, NJ : World Scientific Pub., c2008.

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Holdings

Details

Additional Authors

Rongala, Sunil.

Description

xii, 260 p. : ill.; 26 cm.

Subject

• Finance > Asia
• International economic relations
• Asia > Economic conditions
• Asia > Foreign economic relations
• Asia > Commerce

Bibliography (note)

• Includes bibliographical references and index.

Contents

• Cover -- Copyright -- Dedication -- Preface and Acknowledgments -- Contents -- Section 1: Monetary and Exchange Rates Issues -- 1. Asia's Embarrassment of Riches: A Story of Prudence, Global Imbalances, and Some Good Old Fashioned Mercantilism -- Introduction -- Prudence Motive for Reasons Reserve Build-Up -- The Limits -- Mercantilism or Low Domestic Demand? -- In Search of Higher Yields -- Costs of Monetary Sterilization -- Conclusion -- 2. The Known Unknown: The Whopping US Current Account Deficit and Its Implications (With Surabhi Jain) -- Introduction -- Evolution of the US CAD and the US Dollar -- Dynamics of Capital Flows to the United States -- Conclusion -- 3. Will the US Dollar Remain "Top Dog"?: The Billion Dollar Question (With Jose Kiran) -- Introduction -- Rise of the US Dollar Standard -- The Coming End of the USD Hegemony? -- Possible Rivals to the US Dollar Standard -- Conclusion --^
• 4. A Central Banker's Holy Grail: Inflation-Targeting Frameworks with Reference to Asia (With Tony Cavoli) -- Introduction -- What is an Inflation-Targeting Arrangement? -- The Role of Exchange Rates Under Inflation Targeting -- Strict versus Flexible Targeting -- Conclusion -- 5. Singapore's Currency Baskets and the Mantra of Competitiveness: The Importance of Real Exchange Rates -- Introduction -- Competitiveness Indices -- Real Exchange Rates and Currency Basket Regimes -- A Study of Policy Discretion in Singapore -- Conclusion -- Section 2: Financial Liberalization, Financial Crises and the Financing of Development -- 6. Barbarians at the Gates: Foreign Bank Entry in Asia -- Introduction -- Economic Motivations Behind Foreign Bank Entry -- The Fear Behind Foreign Bank Entry -- Conclusion: Timing and Pace of Foreign Bank Entry -- 7. The Tobin Tax: A Panacea for Financial Crises? -- Introduction -- Open Capital Accounts, Financial Crises and Safeguards --^
• The Tobin Tax Reconsidered12 -- Conclusion -- 8. International Capital Flows to Asia: The Never-Ending Magic Spigot? -- Introduction -- Current Account Balances and Reserve Accumulation Since the Crisis -- Capital Flows and International Financial Intermediation -- Conclusion: The Yen-Carry Trade -- 9. Using Reserves to Finance Infrastructure in India: Will It Clear the Gridlock? -- Introduction -- The Importance of Infrastructure in India -- Using Foreign Reserves to Finance Infrastructure -- Problems with the Reserves-Funded SPV Approach -- Macroeconomic Consequences of Using Reserves to Finance Infrastructure -- Conclusion -- 10. The Goldmine of Development Finance: Reassessing the Importance of Migrants' Remittances -- Introduction -- Significance of Migrants' Remittances -- Economic Effects of Remittances -- Conclusion -- Section 3: Trade, Investment and the Rise of China and India -- 11. The "Do's and Don'ts" of Attracting Foreign Direct Investment. -- Introduction --^
• Investment Promotion and Government Intervention Policies -- Fiscal and Financial Incentives -- Conclusion -- 12. Chips from East Asia, Hardware from Southeast Asia, and Assembled in China: Production Sharing and Trade in Asia -- Introduction -- The Importance and Implications of Production Sharing -- Conclusion: Production Fragmentation and Regional Trade Arrangements (RTAs) -- 13. All Paths Lead to Ind.

ISBN

• 9789812705730
• 9812705732

LCCN

^^2007045602

OCLC

181335766

Owning Institutions

Harvard Library