1st Edition

Financial Development and Cooperation in Asia and the Pacific

Edited By Edward K. Y. Chen, Wendy Dobson Copyright 2015
234 Pages 51 B/W Illustrations
by Routledge

234 Pages 51 B/W Illustrations
by Routledge

234 Pages 51 B/W Illustrations
by Routledge

The 1997–8 Asian financial crisis exposed weaknesses in the region’s national financial systems, but since then East Asia has become the world’s most dynamic economic region. Domestic financial systems have developed, cross-border financial flows within the region are growing apace as demand from governments and large firms increases and as the capabilities of financial institutions develop, and... Read more

1. Introduction: Financial development in Asia—work in progress, Wendy Dobson and Edward K.Y. Chen 2. Financial development and economic growth: the long view, Barry Eichengreen 3. Is Basel III enough for macroprudential policy in Asia and the Pacific?, Robert N. McCauley 4. Capital market development in the Asia–Pacific region, Andrew Sheng 5. Monetary policy in Asia and the Pacific in the post-, post-crisis era, Hiro Ito 6. The Chiang Mai Initiative and the future of East Asian regional macroeconomic and financial cooperation, Reza Y. Siregar and Keita Miyaki 7. Financial development in Asia: beyond aggregate indicators, Tatiana Didier and Sergio L. Schmukler 8. China’s capital account liberalization, Yu Yongding 9. Use of national currencies for trade settlement in East Asia: a proposal, Il Houng Lee and Yung Chul Park

Biography

Edward K. Y. Chen is a Distinguished Fellow at the Hong Kong Institute for Humanities and Social Sciences, University of Hong Kong and board member at the Hong Kong Institute for Monetary Research.

Wendy Dobson is an Adjunct Professor and Co-Director for the Institute of International Business at the University of Toronto, Canada and former Canadian Associate Deputy Minister of Finance.