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Managing Elevated Risk Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective
Author
Title
Managing Elevated Risk [electronic resource] : Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective / by Iwan J. Azis, Hyun Song Shin.
ISBN
9789812872845
Publication
Singapore : Springer Singapore : Imprint: Springer, 2015.
Physical Description
VIII, 124 p. 69 illus : online resource.
Local Notes
Access is available to the Yale community.
Access and use
Access restricted by licensing agreement.
Summary
This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.
Variant and related titles
Springer ebooks.
Other formats
Printed edition:
Format
Books / Online
Language
English
Added to Catalog
January 12, 2015
Contents
Contents
Foreword
Chapter 1: Introduction and Overview
Chapter 2: The Three Phases of Global Liquidity
2.1: Conceptual and Measurement Issues
2.2: First Phase of Global Liquidity
2.2.1: Round-trip Bank Flows to the US
2.2.2: Banking Sector Flows to the Rest of the World
2.2.3: Exchange Rates and Leverage
2.3: Second Phase of Global Liquidity
2.4: The Case of Emerging Asia
2.5: Third Phase and Onward
2.6: References
Chapter 3: Early Warning Indicators for Financial Vulnerabilities
3.1: Principles for Selection of Early Warning Indicators
3.2: Core and Noncore Liabilities
3.3: References
Chapter 4: Emerging Asia’s Noncore Liabilities and Policy Effectiveness
4.1: Bank-led Flows, Noncore Liabilities, and Credit Growth
4.2: Reassessing Monetary Policy
4.3: Appendix
4.4: References
Chapter 5: Capital Flows and Income Distribution
5.1: National Policy Remains Key
5.2: How Capital Flows Affect Income Inequality
5.3: Prioritization for a Multi-Objective Goal
5.4: Appendix
5.5: References
Chapter 6: Policy Implications
6.1 Tailoring Policies to Vulnerabilities
6.2 Macroprudential Tools
6.2.1 Bank Capital-Oriented Tools
6.2.1.1 Capital Requirements that Adjust Over the Cycle
6.2.1.2 Forward-Looking Provisioning
6.2.1.3: Leverage caps
6.2.1.4: Loan-To-Value and Debt-Service-To-Income Caps
6.2.1.5: Loan-to-Deposit caps
6.2.1.6: Levy on Noncore Liabilities
6.2.1.7: Unremunerated Reserve Requirements
6.2.2: Relative Merits of URR versus Levies/Taxes
6.2.3: Relationship with other Stabilization Policies
6.3: Financial Integration and Institutional Design
6.4: Policy Choices
6.5: References.
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