グローバル金融危機からアジアの資産バブルへ：マクロ経済政策管理にとっての教訓 From the Global Financial Tsunami to the Property Bubbles in Asia: The Need for a New Discipline on Macroeconomic Management

Yip, Paul Sau Leung

World Scientific Publishing Co Pte Ltd（2019/04発売）

• 製本 Hardcover:ハードカバー版／ページ数 232 p.
• 言語 ENG
• 商品コード 9789814623681
• DDC分類 332.495

Full Description

This book discusses the formation of the current huge property bubbles in many Asian economies and the high likelihood of another Asian financial crisis due to the eventual bursting of these property bubbles. In particular, it explains:In view of the huge costs due to the macroeconomic policy mistakes in many developing economies and some advanced economies, this book recommends the development of a new economic discipline on macroeconomic management and rigorous selection procedures of key economic and monetary officials. If properly done, these would help pre-empt financial crises, currency crises and asset bubbles in the future.

Contents

The Global Financial Tsunami; The European Debt Crisis; Impacts of the US Quantitative Easing; The Characteristics of Major Urban Property Markets in Asia; Characteristics of the Various Stages of an Asset Bubble; The Formation of Property Bubbles in some Asian economies since the Global Financial Tsunami; The Rise of Asian Share Prices since the Global Financial Tsunami; Lessons from the Surge in Property Prices and the Curbing Measures in Singapore; Lessons from the Property Bubble Formation in Hong Kong; The Likelihood of an Eventual Bursting of Asset Bubbles and then an Economic Crisis in Asia; Short-term Policy Recommendations; The Bubble Squeezing Strategy; Long-term Policy Recommendations; Some Important Lessons for Housing Policies in Asia; Some Important Lessons for Share and Property Investments; Some Important Lessons for Macroeconomic Policy Management;