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基本説明
Published in Association with the Asian Development Bank Institute.
Full Description
In light of the experience of the global financial crisis, this book develops concrete recommendations for financial sector reform and regulation in Asian economies aimed at preventing the recurrence of systemic financial crises, improving the ability to manage and resolve crises, managing capital flows and promoting the development of Asian bond markets. The focus of the book is on longer-term structural measures. It explores areas such as the scope for regional monitoring and cooperation; deepening and integration of Asian bond and money markets; liberalization/regulation of capital flows; and issues related to macroprudential oversight, regulatory structure and cooperation as well as the role of state intervention in crisis resolution in the financial sector. The need for and impacts of regulations on innovative financial products and specific investor groups such as hedge funds, ways to reduce systemic risk of pro-cyclicality of regulation and ways to improve the infrastructure and regulatory environment for local currency bond markets are also examined in depth.
The book will appeal to public and private finance experts, policy makers and decision makers in governments and banks, think-tanks and students in graduate courses related to financial and economic development.
Contributors: C. Adams, J.A. Batten, Y.J. Cho, S.F. de Lis, M. Fujii, A. Garcia-Herrero, W.P. Hogan, M. Kapur, M. Kawai, D.G. Mayes, R. Mohan, P.J. Morgan, M.G. Plummer, M. Pomerleano, M.M. Spiegel, P.G. Szilagyi, L.D. Wall, A. Winkler
Contents
Contents:
Preface
1. The Global Financial Crisis and its Implications for Financial Sector Reform and Regulation in Asia
David G. Mayes and Peter J. Morgan
PART I: FINANCIAL SURVEILLANCE AND REGULATION TO PREVENT CRISES
2. Strengthening Systemic Financial Regulation
Masahiro Kawai and Michael Pomerleano
3. Enlisting Macroprudential and Market Regulatory Structures to Strengthen Prudential Supervision
Larry D. Wall
4. Dynamic Provisioning: Some Lessons from Experience
Santiago Fernández de Lis and Alicia García-Herrero
5. Securitized Products, Financial Regulation and Systemic Risk
Mariko Fujii
6. Liberalization and Regulation of Capital Flows: Lessons for Emerging Market Economies
Rakesh Mohan and Muneesh Kapur
PART II: REGIONAL FINANCIAL MONITORING AND COORDINATION
7. The Financial Crisis: A Wake-up Call for Strengthening Regional Monitoring of Financial Markets and Regional Coordination of Financial Sector Policies?
Adalbert Winkler
8. Regional Monitoring of Capital Flows and Coordination of Financial Regulation: Stakes and Options for Asia
Michael G. Plummer
PART III: FINANCIAL CRISIS MANAGEMENT AND RESOLUTION
9. The Role of State Intervention in the Financial Sector: Crisis Prevention, Containment and Resolution
Yoon Je Cho
10. The Role of the State in Managing and Forestalling Systemic Financial Crises: Some Issues and Perspectives
Charles Adams
PART IV: PROMOTION OF ASIAN BOND MARKETS
11. Developing Asian Local Currency Bond Markets: Why and How?
Mark M. Spiegel
12. Foreign Bond Markets and Financial Market Development: International Perspectives
Jonathan A. Batten, Warren P. Hogan and Peter G. Szilagyi
Index



