Emerging Asia : essays on crises, capital flows, FDI and exchange rates / Ramkishen S. Rajan.

Format:

Book

Author/Creator:

Rajan, Ramkishen S.

Series:

Palgrave Macmillan studies in banking and financial institutions

Language:

English

Subjects (All):

Monetary policy--Asia.

Monetary policy.

Capital movements.

Asia.

Capital movements--Asia.

Foreign exchange rates--Asia.

Foreign exchange rates.

Financial crises--Asia.

Financial crises.

Investments, Foreign--Asia.

Investments, Foreign.

Physical Description:

xiii, 175 pages : illustrations ; 23 cm.

Place of Publication:

Houndmills, Basingstoke, Hampshire ; New York : Palgrave Macmillan, 2011.

Summary:

Asia's share of the world's GDP, which is currently little above 20 percent, is likely to double by 2030. This has drawn considerable attention to the dynamic emerging Asian region, especially to the economic giants China and India. This book discusses the key aspects of contemporary international economic issues in the region in 25 short essays. The essays are wide-ranging in coverage, focusing on financial crises, reserve accumulation, capital flows and currency wars, on the one hand, and issues relating to foreign direct investment and developments in China and India, on the other. This book is reader-friendly and is equally accessible to students as well as policy-makers, practitioners and interested observers. Book jacket.

Contents:

Part I Crisis, Capital Flows and Exchange Rates in Asia

1 Booms and Busts in Private Capital Flows to Emerging Asia since the 1990s 3

2 Asia As a Source of Capital / Rabin Hattari Hattari, Rabin 9

3 Will the US Dollar Remain the Single Global Currency? / Sasidaran Gopalan Gopalan, Sasidaran 17

4 Exchange Rate Regimes in Asia 22

5 East Asia and the Real Exchange Rate / Javier H. Beverinotti Beverinotti, Javier H. 26

Part II Exchange Rate Volatility, Crises and Controls in Emerging Economies

6 The Problem with Exchange Rate Volatility 33

7 Capital Controls: No Longer Unorthodox 37

8 Reconsidering the Tobin Tax 43

9 Sovereign Debt Defaults: Concerns and Lessons 49

10 Banking Sector Internationalisation in Asia / Sasidaran Gopalan Gopalan, Sasidaran 54

Part III Asia and the Global Financial Architecture

11 The Global Financial Crisis of 2008-2009: Implications for Emerging Asia 63

12 Sequencing of Regional Cooperation in Asia: The Real and Financial Dimensions 68

13 Revisiting Asian Monetary and Financial Cooperation 75

14 The Idea and Reality of the Asian Currency Unit (ACU) 80

15 Asia in the G20: Monetary and Financial Considerations / Sasidaran Gopalan Gopalan, Sasidaran 85

Part IV Monetary and Financial Issues in India

16 The Global Financial Crisis and the Bank Lending Channel / M. Shahidul Islam Islam, M. Shahidul 91

17 Macroeconomic Management during a Period of Plenty in India 99

18 Post-Global Financial Crisis: Heating Up of the Inflation Debate in India / Venkataramana Yanamandra Yanamandra, Venkataramana 104

19 India's International Reserves: How Diversified? / Sasidaran Gopalan Gopalan, Sasidaran 112

20 The Importance of Remittances in India and South Asia / Sasidaran Gopalan Gopalan, Sasidaran 116

Part V Foreign Direct Investment Issues in Asia

21 Foreign Portfolio versus Foreign Direct Investment Flows: Are They So Different? 125

22 Intra-Asian Foreign Direct Investment Flows / Rabin Hattari Hattari, Rabin 128

23 Revisiting India's Foreign Direct Investment Numbers / Sasidaran Gopalan Gopalan, Sasidaran 137

24 Attracting Foreign Direct Investment: The Role of Financial and Fiscal Incentives 145

25 Global Competition for Foreign Direct Investment and Investment Promotion 150.

Notes:

Includes index.

ISBN:

9780230238459

0230238459

OCLC:

698330387