1st Edition

Macro-Financial Linkages in the Pacific Region

Edited By Akira Kohsaka Copyright 2015
296 Pages 119 B/W Illustrations
by Routledge

296 Pages 119 B/W Illustrations
by Routledge

296 Pages 119 B/W Illustrations
by Routledge

Growth perspectives in emerging market economies are increasingly dependent on international capital flows in recent decades because of their influences on business cycles. In fact, volatile international capital flows has been one of the main concerns for the macroeconomic policy authorities. Focusing on emerging economies in the Pacific region, this book reveals how they are different from... Read more

Introduction, Akira Kohsaka  1. Macro-financial Linkages and Financial Deepening: An overview, Akira Kohsaka  2. Macro-financial Linkage and Financial Deepening in China after the Global Financial Crisis, Kumiko Okazaki and Tomoyuki Fukumoto  3. Global Financial Crisis and Macroprudential Policies: Financial perspective on the Philippines, Cayetano W. Paderanga, Jr.  4. Macro-Financial Linkages and Financial Deepening: The case of Thailand, Chaiyasit Anuchitworawong  5. The Global Financial Crisis and Macro-Financial Linkage: The case of Chinese Taipei, Sheng-Cheng Hu  6. Monetary Policy Regimes in the Pacific Region: An overview, Akira Kohsaka  7. Monetary Policy Frameworks in Asia: Experience, lessons and issues, Peter J. Morgan  8. China’s Monetary Policy Regime, Dongmin Liu and Zhenxin Zhu  9. The Monetary Policy Regime in Indonesia, Solikin M. Juhro and Miranda S. Goeltom  10. A Macroprudential Perspective in Central Banking, Shigenori Shiratsuka

Biography

Akira Kohsaka has been affiliated with School of International Studies, Kwansei Gakuin University, Nishinomiya, Japan, since 2011. He received his PhD in Economics at Stanford University in 1984. He had worked for Institute of Developing Economies, Tokyo (1975-88), Kyoto University (1988-94) and Osaka University (1994-2011). His major research fields include international economics and development economics. he had also taken on other roles such as President of East Asian Economic Association (2012-), the editor of Asian Economic Journal (2001-2006), and international steering committee member of Pacific Forum for Trade and Development (PAFTAD) (1998-).

‘Overall, this book provides a useful overview of the thinking around monetary policy implementation in the post-GFC period from the perspective of economists from the Asian region. In this, it has significant value, as the experiences of 1997–98 in East Asia directly coloured the response and preparedness of policy makers in the region to the 2008–09 crisis. The most useful chapters are the country-specific papers, which provide a coherent overview of the evolution of policy making in the area. […] There is no doubt the book provides a useful stimulate for future research and an excellent background resource that can be recommended to graduate students and researchers wishing to begin to understand the views on policy development during this period in Asia.’Asian-Pacific Economic Literature, Volume 30 Issue 2