Financial Sector Development in the Pacific Rim
1st Edition
Published on 15. May 2009
402 pages
978-0-226-38686-7 (ISBN)
Description
The reform in Asian financial sectors-especially in banking and stock markets-has been remarkable since the currency crisis of 1997-98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region.Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. Financial Sector Development in the Pacific Rim offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.
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Other editions
Additional editions
Takatoshi Ito | Andrew K. Rose
Financial Sector Development in the Pacific Rim
Book
04/2009
University of Chicago Press
€128.75
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Content
- Intro
- Financial Sector Developmentin the Pacific Rim
- Contents
- Introduction
- 1. The Evolving Nature of RegionalStock Markets
- 2. Listing Policy and Developmentof the Tokyo Stock Exchangein the Prewar Period
- Part II. Consequences of FinancialDevelopment
- 4. East Asia and Global ImbalancesSaving, Investment, and Financial Development
- 5. Consumer Credit Market in Koreasince the Economic Crisis
- III. Financial Consolidation
- 7. Merger Activities and Stock Market Valuation in China
- 8. Consolidation of Banks in Japan Causes and Consequences
- IV Reform and Dynamism
- 9. Did the Japanese StockMarket Appropriately Price the Takenaka Financial Reform?
- 10. Big Business Stabilityand Social Welfare
- Contributors
- Author Index
