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Rebalancing Economies in Financially Integrating East Asia book cover

1st Edition

Rebalancing Economies in Financially Integrating East Asia

Edited By Jenny Corbett, Ying Xu Copyright 2015
288 Pages 101 B/W Illustrations
by Routledge

288 Pages 101 B/W Illustrations
by Routledge

288 Pages 101 B/W Illustrations
by Routledge
Also available as eBook on:
Since the Asian Financial Crisis (AFC) of 1997–98 large current account surpluses have accumulated in the countries of Asia and the Pacific with corresponding deficits elsewhere. The sharp plunge in global trade volumes during the global financial crisis has highlighted the need for ‘rebalancing’–focussing more on domestic sources of economic growth than on exports in some Asian economies. One... Read more

1. Macroeconomic Rebalancing and Financial Integration in East Asia, Jenny Corbett and Ying Xu  2. Growth Rebalancing and Investment in Asia and the Pacific, Peter Warr  3. Corporate Savings, Investment and Financial Structure in East Asia: Micro evidence, Jenny Corbett and Garry Twite  4. Exchange Rates or Other Factors in Global Rebalancing, Shang-Jin Wei  5. Do Asian Countries Fear Appreciation Against Renminbi?, Victor Pontines and Reza Y. Siregar  6. What Drives Some Countries to Hoard Foreign Reserves?, Heng Dyna and Jenny Corbett, 7. Defining Openness and Economic Interconnection in East and Southeast Asia, Tony Cavoli  8. Choosing the Best Partners for Risk-minimizing Integration, Achmad Maulana, Wei Feng and Jenny Corbett  9.  The Influences of International and Domestic Shocks in East Asia, Mardi Dungey and M. Tugrul Vehbi  10. International Bank Claims on East Asian Economies: Stabilizers or destabilisers?, Victor Pointes and Reza Y. Siregar 11. The Rise of Asian-Owned Foreign Banks and Credit Stability in Asia, Ying Xu

Biography

Jenny Corbett is Professor of Economics, Australian National University, and Pro Vice-Chancellor (Research and Research Training), Australian National University. She is also Reader in the Economy of Japan, University of Oxford; a Research Associate of the Centre for Applied Macroeconomic Analysis (CAMA); and a Research Fellow at the Centre for Economic Policy Research (CEPR), London.

Ying Xu is Lecturer in the Crawford School of Public Policy, Australian National University. She is also Research Associate at the Centre for Applied Macroeconomic Analysis (CAMA), Australian National University.

'Rebalancing is a key issue for the countries of Asia and the Pacific with large current account surpluses and the countries with deficits elsewhere. This book addresses the imbalance is a macroeconomic problem of mismatch between saving s and investment, and examines why the financial integration under the open financial markets is welfare-improving. The book, as an important extension to the existing literatures for correcting imbalance, will be so useful for researchers and policy makers.'

Ryuhei Wakasugi, Professor, Kyoto University and Yokohama National University

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