New Financial Market Structure for East Asia
Produktdetaljer
Biografisk notat
Edited by Yung Chul Park, former Director, Center for International Trade and Finance, Graduate School of International Studies, Seoul National University, Korea, Takatoshi Ito, Professor, School of International and Public Affairs, Columbia University, US, Senior Professor, National Graduate Institute for Public Studies and RIETI and Yunjong Wang, formerly Vice President, Economic Research Office, SK Research Institute for SUPEX Management, Korea<i>'The general topic is important and highly policy relevant; the authors are well-known, outstanding specialists; and the contents are very good, and very readable. I am impressed by the substance evidently embodied in each chapter. The discussion and analysis is sensible and appropriately careful, nuanced, and cautious. The text is well written, logical and clear and I am confident this book will have great appeal among scholars and market practitioners. The topics are important, even hot, and will continue to be.'</i>
- Hugh Patrick, Center on Japanese Economy and Business, Columbia Business School, US,
Against this economic background, the contributors make recommendations for the establishment of effective and stable capital recycling in East Asia. The financial intermediary function of the regional financial centers - Hong Kong, Singapore and Tokyo - is evaluated. Discussion focusses on the issues of building an organic network between the financial markets of major economies in the region and enhancing the future role and function of those regional financial centres. The policy implications of the future development of regional financial markets - based on regional financial networks - that could potentially act as intermediaries between the high savings and productive sectors in East Asia are also examined.
Concentrating on the major issues identified as central to building a new financial market structure in East Asia, this book will be appeal to those with a special interest in Asian studies and financial economics.