Description
While the financial crisis in East Asia could be said to be on the wane in some countries, the reconstruction process in the aftermath and the debate about the financial policies best suited to the region still rages on. This book examines both of these processes in authoritative detail. It includes critical assessment of: *the post-crisis state of financial markets *the banking and corporate restructuring process, with special focus on Indonesia *the policy debates currently going on in East Asia, including monetary policy; exchange rate systems and the scope for financial cooperation *East Asia’s debt and equity markets. The well-respected contributors including Claudio Borio, Hae Wang Chung, Guy Debelle, Reuven Glick, Robert McCauley and Eisuke Sakakibara, have produced a book that will be influential around the world. In addressing a raft of important financial policy issues, the book assesses the need to secure policy consistency, the scope for inflation targeting, operational aspects of monetary policy, the sustainability of exchange rate regimes and the scope for deeper financial integration in the Australasian area. This book will be indispensable to advanced students and academics of East Asian Economics and Finance. Perhaps more importantly it will provide policy makers with a definitive guide to the future of financial policies in East Asia.
