Crisis, Capital Flows and FDI in Emerging Asia

Erscheinungsjahr 2011
ISBN: 978-0-19-806972-0
Verlag: Oxford University Press, USA

Buch, Englisch, 336 Seiten, Format (B × H): 221 mm x 145 mm, Gewicht: 472 g

- Comprehensive coverage of topical issues in international finance
- Focus on emerging Asia, especially India
- Rigorous empirical analysis using econometric applications
- Policy-oriented

There has been much interest in understanding various dimensions of the growth and integration of emerging Asia with the rest of the world, particularly with regard to international capital flows and external financing. Nonetheless, serious academic work in this area has lagged somewhat compared to issues relating to international trade. This book fills this gap by dealing with topics relating to booms and busts in capital flows, financial stability the sources of external financing, and the
important role played by FDI. It also discusses the monetary transmission channel, extent of financial integration, and the choice of exchange rate regimes in emerging Asia.

The book consists of ten chapters, divided into three sections pertaining to international capital flows and financial crises; foreign direct investment (FDI) flows to and from the region including Mergers and Acquisitions (M&As), exchange rate regimes and choices and monetary policy transmission mechanism. While some chapters focus specifically on India, which is one of the new growth stars of Asia, many chapters deal with emerging Asia more generally (or specific sub-regions of East
and South Asia). The book focuses on important economic policy issues of contemporary relevance-informed by data and rigorous empirical analysis.

Zielgruppe

Scholars and teachers of international finance, students, business/financial journalists, central banks, international economic institutions, economic analysts in government and industry, policymakers, and all those interested in advanced econometric applications.

Autoren/Hrsg.

Rajan, Ramkishen

Gopalan, Sasidaran

Hattari, Rabin

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Finanzkrisen, Wirtschaftskrisen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzkrisen
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzsektor & Finanzdienstleistungen: Allgemeines

Inhaltsverzeichnis

Preface
1: How has Emerging Asia Handled Booms and Busts in Capital Flows?
2: Are India's International Reserves Adequate to Manage Future Crises?
3: How Important are Remittances as a Source of External Financing in South Asia?
4: What Drives FDI Flows to and Within Emerging Asia?
5: What is the Extent of Cross-border Mergers and Acquisitions (M&As) in Emerging Asia?
6: What is the Mystery Behind India's FDI Flows?
7: How Open are the Banking Sectors in Emerging Asia to FDI?
8: How Effective was Monetary Policy in India during the Global Financial Crisis?
9: How Integrated is East Asia?: The Real and Financial Dimensions.
10: How Are Emerging Asian Currencies Managed?
Index

Über Autor(innen)

Ramkishen S. Rajan is Associate Professor and Co-Director, Centre for Emerging Market Policies, School of Public Policy, George Mason University, USA.

Sasidaran Gopalan is Research Scholar at School of Public Policy, George Mason University, USA.

Rabin Hattari is Public Management Economist in South-east Asia Department, Asian Development Bank, Philippines.