The evolving role of Asia in global finance / edited by Yin-Wong Cheung, Vikas Kakkar, Guonan Ma.

Format:

Book

Contributor:

Cheung, Yin-Wong.

Kakkar, Vikas.

Ma, Guonan.

Series:

Frontiers of economics and globalization ; v. 9.

Frontiers of economics and globalization, 1574-8715 ; v. 9

Language:

English

Subjects (All):

International economic relations.

Asia--Foreign economic relations.

Asia.

Physical Description:

1 online resource (447 p.)

Edition:

1st ed.

Place of Publication:

Bingley [U.K.] : Emerald, 2011.

Language Note:

English

Summary:

The process of Asias rise to a position of eminence in global finance has accelerated in the wake of the international financial crisis, posing new opportunities and challenges to both the Asian economies and the global financial and trade systems. This volume represents a significant new endeavour to explore and understand the dynamics created by this process of transition. Specifically, it addresses the following four contemporary themes of the evolving role of Asia in global finance: (a) real and financial interactions among economies and across markets, both within Asia and beyond; (b) regional monetary cooperation in Asia; (c) the decoupling debate over Asias evolving economic and financial ties with major industrial economies; and (d) the changing roles of domestic finance and capital flows in the developing Asian economies. It sheds light on various dimensions of Asias economy and finance, ranging from business cycles, exchange rate movements, regional policy coordination, domestic financial development, capital flows, and financial market behaviour. These analyses are pooled in a book that is a must read for market participants, policymakers and academics alike.

Contents:

ch. 1. Business cycles, consumption, and risk-sharing : how different is China? / Chadwick C. Curtis, Nelson C. Mark

ch. 2. Linkages between stock market fluctuations and business cycles in Asia / Bertrand Candelon, Norbert Metiu

ch. 3. Stock market linkage between Asia and the United States in two crises : smooth-transition correlation VAR-GARCH approach / Yushi Yoshida

ch. 4. The link between FX swaps and currency strength during the credit crisis of 2007-2008 / Hans Genberg, Cho-Hoi Hui, Alfred Wong, Tsz-Kin Chung

ch. 5. The implications of Renminbi basket management for Asian currency stability / Guonan Ma, Robert N. McCauley

ch. 6. On the choice of exchange rate regimes for East Asian countries / Ulrich Volz

Stability of East Asian currencies during the global financial crisis / Junko Shimizu, Eiji Ogawa

ch. 8. On emerging Asian equilibrium exchange rates / Antonia López-Villavicencio, Valérie Mignon

ch. 9. Global contagion and the decoupling debate / Thomas D. Willett, Priscilla Liang, Nan Zhang

ch. 10. The decoupling of Asia-Pacific? / James Yetman

ch. 11. Has emerging Asia decoupled? : an analysis of production and trade linkages using the Asian international input-output table / Gabor Pula, Tuomas A. Peltonen

ch. 12. The Australia-Asia business cycle evolution / Shawn Chen-Yu Leu, Jeffrey Sheen

ch. 13. What are the sources of financing for Chinese firms? / Galina Hale, Cheryl Long

ch. 14. Foreign direct investment in China : performance, characteristics, and prospects / Chunlai Chen

ch. 15. Deviations from covered interest parity : the case of China / Yin-Wong Cheung, XingWang Qian

ch. 16. Hong Kong's future as a securities market / Peter T. Treadway.

Notes:

Includes index.

Includes bibliographical references and index.

Print version record

ISBN:

9786613055279

9781283055277

1283055279

9780857247469

0857247468

OCLC:

708602160