Financial Integration in East Asia / Edition 1

by Gordon de Brouwer

Overview

Financial Intergration in East Asia explains the different methods economists use to assess how open a country's financial system is to domestic and international influences, and applies these tests to ten countries in East Asia. It explains how a country that has an open financial system differs from one that is controlled. It explains what happened in East Asia in 1997/98 and reviews the costs and benefits of open financial markets. While it has appeal for the technical reader, the book uses ordinary language and emphasizes economic intuition. The topic is relatively new and fundamentally important to the way governments and markets work in East Asia.

Product Details

ISBN-13:	9780521651486
Publisher:	Cambridge University Press
Publication date:	09/27/1999
Series:	Trade and Development
Edition description:	New Edition
Pages:	294
Product dimensions:	5.98(w) x 9.02(h) x 0.83(d)

Table of Contents

1. Financial integration; 2. Recent developments in East Asia; 3. A summary of measures of financial integration in East Asia; 4. Interest parity conditions as indicators of international financial integration; 5. Domestic financial integration: a precondition for international financial integration; 6. Financial integration and capital formation, foreign debt and the real exchange rate; 7. Consumption and liquidity constraints: does financial integration matter?; 8. Summary and policy conclusions.

Editorial Reviews

"[This book] assesses the degree to which selected economies in East Asia and the western Pacific are becoming more financially integrated with the rest of the world and explores some of the implications of integration for fundamental economic structure in these economies." Journal of Economic Literature

From the Publisher