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The Dynamics of Asian Financial Integration - Facts and Analytics (Paperback) Loot Price: R809
Discovery Miles 8 090
The Dynamics of Asian Financial Integration - Facts and Analytics (Paperback): Michael B. Devereux, Philip R Lane, Cyn-Young...

The Dynamics of Asian Financial Integration - Facts and Analytics (Paperback)

Michael B. Devereux, Philip R Lane, Cyn-Young Park, Shang-Jin Wei

Series: Routledge Studies in the Modern World Economy

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Loot Price R809 Discovery Miles 8 090 | Repayment Terms: R74 pm x 12*

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The ongoing global financial crisis has manifested a remarkable degree of global financial integration-and its implications-for emerging Asian financial markets. The current crisis will not and should not deter the progress that the region has made toward financial openness and integration. However, events like this clearly demonstrate that financial liberalization and integration is not without risks. Hence, emerging Asian economies' growing financial ties have motivated us to look closer at the repercussions of increased financial integration and evaluate the benefits of risk sharing and better access to international capital markets against the costs of cross-border financial contagion. The crisis also presents a timely opportunity for the region's policy makers to rethink their strategies for financial deregulation and liberalization and to reconsider a next step to integrate emerging East Asia's financial markets further. However, doing so requires deeper understanding of financial market integration. While much has been said in both academic and policy circles about financial globalization and regional financial integration as separate areas of study, existing research has been relatively silent on the dynamics between these two distinctive forces. The book addresses this gap in financial literature and assesses financial integration in emerging East Asia at both regional and global levels. The publication studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration, (ii) understanding dynamics of regional financial integration versus global financial integration, and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by the book.


Imprint: Routledge
Country of origin: United Kingdom
Series: Routledge Studies in the Modern World Economy
Release date: September 2013
First published: 2010
Editors: Michael B. Devereux • Philip R Lane • Cyn-Young Park • Shang-Jin Wei
Dimensions: 234 x 156mm (L x W)
Format: Paperback
Pages: 352
ISBN-13: 978-0-415-70289-8
Categories: Books > Reference & Interdisciplinary > Interdisciplinary studies > Development studies
Books > Business & Economics > Economics > Development economics
Books > Business & Economics > Economics > Macroeconomics > General
Books > Business & Economics > Economics > International economics > General
LSN: 0-415-70289-5
Barcode: 9780415702898

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