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The future of Asian finance / editors Ratna Sahay, Jerald Schiff, Cheng Hoon Lim, Chikahisa Sumi, and James P. Walsh.
- Format:
- Book
- Government document
- Language:
- English
- Subjects (All):
- Finance--Asia.
- Finance.
- Economic development.
- Asia.
- Economic development--Asia.
- Asia--Economic conditions.
- Economic conditions.
- Economic history.
- Physical Description:
- ix, 299 pages : illustrations (chiefly color) ; 23 cm
- Place of Publication:
- Washington, DC : International Monetary Fund, [2015]
- Summary:
- Asia's financial systems proved resilient to the shocks from the global financial crisis, and growth since then has been strong. But new challenges have emerged in the region's economies, including demographics and aging, the need to diversify from bank-dominated systems, urbanization and infrastructure, and the rebalancing of economic activity. This book takes stock of how systems in Asia's advanced and emerging market economies compare with the rest of the world and how reforms to develop equity and bond markets have progressed. It then looks forward at how Asian financial systems will evolve in complexity and interconnectedness and what this means for the regional financial centers of Hong Kong SAR and Singapore. Finally, it looks at how the region's demographic dividend can be harnessed to finance infrastructure, the state of economic and financial integration in ASEAN, the role of capital flows, and how changes to global regulatory regimes will affect Asian financial systems. The International Monetary Fund (IMF) is an organization of 188 countries working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Book jacket.
- Contents:
- Part I. The structure of finance in Asia
- Introduction / Ratna Sahay, Jerald Schiff, Cheng Hoon Lim, Chikahisa Sumi
- A bird's-eye view of finance in Asia / Heedon Kang, Phakawa Jeasakul, Cheng Hoon Lim
- Are there crouching tigers and hidden dragons in Asia's stock markets? / Fabian Lipinsky, Li Lian Ong
- Bond markets: are recent reforms working? / Mangal Goswami, Andreas Jobst, Shanaka J. Peiris, Dulani Seneviratne
- Part II. Where is Asia going?
- Is Asia still resilient? / Phakawa Jeasakul, Cheng Hoon Lim, Erik Lundback
- The future of Asia's financial sector / Rina Bhattacharya, Fei Han, James P. Walsh
- Hong Kong SAR and Singapore as Asian financial centers
- complementarity and stability / Vanessa le Leslé, Franziska Ohnsorge, Minsuk Kim, Srikant Seshadri
- Part III. Challenges ahead. Asia's demographic changes and infrastructure needs: how can the financial sector address these challenges? / Ding Ding, W. Raphael Lam, Shanaka J. Peiris
- ASEAN financial integration: harnessing benefits and mitigating risks / Geert Almekinders, Alex Mourmouras, Jade Vichyanond, Yong Sarah Zhou, Jianping Zhou
- Capital flows: a prospective view / Edda Zoli, Sergei Dodzin, Wei Liao. Wojciech Maliszewski
- Operating within the new global regulatory environment / Rina Bhattacharya, James P. Walsh, Aditya Narain.
- Notes:
- Includes bibliographical references and index.
- ISBN:
- 9781498317191
- 1498317197
- OCLC:
- 918876593
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