Del i serien KDI/EWC series on Economic Policy

Macroprudential Regulation of International Finance

Managing Capital Flows and Exchange Rates

Inbunden, Engelska, 2016

2 869 kr

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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.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

Produktinformation

Utgivningsdatum2016-09-30
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
SerieKDI/EWC series on Economic Policy
FörlagEdward Elgar Publishing Ltd
ISBN9781785369568

Tillhör följande kategorier

Finansiering inom Ekonomi och Ledarskap
Internationell ekonomi inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap

Contents:1. Introduction and OverviewDongsoo Kang and Andrew Mason2. Macroprudential Policies: Indicators and ToolsHyun Song Shin3. Business and Financial Cycles in Emerging Markets: Lessons for Macroprudential PoliciesStijn Claessens and Swati R. Ghosh4. Capital Controls: A Pragmatic ProposalMaria Socorro Gochoco-Bautista and Changyong Rhee5. Irrational Expectations, Financial Amplification and Prudential Capital ControlsSangwon Suh and Jinsoo Lee6. The Optimal International Reserves with Sudden Stop RisksKyu-Chul Jung7. International Reserves for Emerging EconomiesJong-Eun Lee8. Foreign Currency Liquidity Risk and Prudential Regulation of BanksSungbin Cho and Joon-Ho Hahm9. Investment Patterns of Foreign Bank Branches in Korea and Their Role in the Foreign Exchange MarketDongsoo Kang and Daehee Jeong10. The Role of Reserves in a Small Open Economy: The Case of New ZealandAnella Munro and Michael Reddell11. Facing Volatile Capital Flows: The Role of Exchange Rate Flexibility and Foreign AssetsRodrigo Cifuentes and Alejandro Jara12. Risk Hedging in Korea’s Financial Markets: The Impacts of Foreign InvestmentChangwoo NamIndex