Books+ Search Results
Macroprudential regulation of international finance managing capital flows and exchange rates
Title
Macroprudential regulation of international finance [electronic resource] : managing capital flows and exchange rates / [edited by] Dongsoo Kang, Andrew Mason.
ISBN
9781785369575 (e-book)
Published
Northampton, MA : Edward Elgar Pub., c. 2016.
Physical Description
1 online resource (328 p.)
Local Notes
Access is available to the Yale community.
Notes
Contributors include: S. Cho, R. Cifuentes, S. Claessens, S.R. Ghosh, M.S. Gochoco-Bautista, J.-H. Hahm, A. Jara, D. Jeong, K.-C. Jung, D. Kang, J. Lee, J.-E. Lee, A. Mason, A. Munro, C. Nam, M. Reddell, C. Rhee, H.S. Shin, S. Suh.
Description based on print record.
Access and use
Access restricted by licensing agreement.
Summary
Recent events, such as capital flow reversals and banking sector crises, have shaken faith in the widely held belief in the benefits of greater financial integration and financial deepening, which are typical in advanced economies. This book shows that emerging economies have occasionally weathered the storm best, despite the supposed burden of 'weak institutions'. Written by leading scholars and practitioners, the authors demonstrate that a better policy framework requires reliable indicators of vulnerability to financial instability. Using empirical evidence and case studies, the twelve chapters stress the necessity of improved policy tools and automatic stabilizers that anticipate and limit the vulnerabilities to financial crises. Cross-border capital flows, international reserves and foreign exchange markets are covered in depth. This timely book offers an insightful overview and policy solutions to the issues surrounding macroprudential regulation of economies in a globalized world. It is required reading for students and scholars of international finance and regulation.
Variant and related titles
Elgaronline.
Format
Books / Online
Language
English
Added to Catalog
September 26, 2016
Series
Kdi/ewc series on economic policy
Bibliography
Includes bibliographical references and index.
Contents
1. Introduction and overview / Dongsoo Kang and Andrew Mason
2. Macroprudential policies: indicators and tools / Hyun Song Shin
3. Business and financial cycles in emerging markets: lessons for macroprudential policies / Stijn Claessens and Swati R. Ghosh
4. Capital controls: a pragmatic proposal / Maria Socorro Gochoco-Bautista and Changyong Rhee
5. Irrational expectations, financial amplification and prudential capital controls / Sangwon Suh and Jinsoo Lee
6. The optimal international reserves with sudden stop risks / Kyu-Chul Jung
7. International reserves for emerging economies at various angles / Jong-Eun Lee
8. Foreign currency liquidity risk and prudential regulation of banks / Joon-Ho Hahm and Sungbin Cho
9. Investment patterns of foreign bank branches in Korea and their role in the foreign exchange market / Dongsoo Kang and Daehee Jeong
10. The role of reserves in a small open economy: the case of New Zealand / Anella Munro and Michael Reddell
11. Facing volatile capital flows: the role of exchange rate flexibility and foreign assets / Rodrigo Cifuentes and Alejandro Jara
12. Risk hedging in Korea's financial markets: the impacts of foreign investment / Changwoo Nam.
Subjects
Also listed under
Bookmark As
Citation
