Financial Integration in East Asia [Hardcover]

This book examines the theory and practice of financial integration, with an emphasis on the recent upheavals in Asian financial markets.Financial Integration in East Asia by Gordon De Brouwer features important research assessing the theory and practice of financial integration and provides the first major study of the recent upheavals in East Asian financial markets and economies. With case-study material from countries including Japan, Australia, Indonesia, South Korea and Singapore, this is a neat complemantary volume to the recent Cambridge collection Building A Modern Financial System: The Indonesian Experience by Betty Slade and David Cole and the collection Europe, East Asia and APEC edited by David Vines and Peter Drysdale.Financial Integration in East Asia by Gordon De Brouwer features important research assessing the theory and practice of financial integration and provides the first major study of the recent upheavals in East Asian financial markets and economies. With case-study material from countries including Japan, Australia, Indonesia, South Korea and Singapore, this is a neat complemantary volume to the recent Cambridge collection Building A Modern Financial System: The Indonesian Experience by Betty Slade and David Cole and the collection Europe, East Asia and APEC edited by David Vines and Peter Drysdale.Financial Intergration in East Asia explains the different methods economists use to assess how open a country's financial system is to domestic and international influences, and applies these tests to ten countries in East Asia. It explains how a country that has an open financial system differs from one that is controlled. It explains what happened in East Asia in 1997/98 and reviews the costs and benefits of open financial markets. While it has appeal for the technical reader, the book uses ordinary language and emphasizes economic intuition. The topic is relatively new and fundamentally important to the way governments and markets work in Eal#/