Asian Money Markets

Asian Money Markets

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The countries of East and Southeast Asia have the world's most dynamic money markets. Essential to the Asian economy, their performance plays a crucial role in the successful development of other financial markets, such as those for business and consumer loans. This original study of the effect of government policy on the performance of money markets in the economies of this region (Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, and South Korea) is the only comprehensive book addressing this topic available today. Individual chapters were written by experts in the field, and were guided by a common research methodology. This book will be of great value to Pacific Basin specialists, bankers, academics, and public policy planners in finance.
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Product details

  • Hardback | 484 pages
  • 156 x 233.9 x 28.4mm | 857.3g
  • New York, United States
  • English
  • New
  • line figures, tables
  • 0195074297
  • 9780195074291

Back cover copy

Asian Money Markets traces the evolution of money markets in seven key economies of East and Southeast Asia: Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, and Singapore. It asks how government policy affected the performance of the markets over several decades. Several very different approaches emerge, with important consequences for financial sector development. Countries pursuing market-oriented development strategies, including those in transition from socialist to market economies, need effective financial systems that include efficient money markets. This book should dispel the view that a government can quickly develop money markets; the most complex markets described here started with new government policies more than twenty years ago, and are still evolving to meet new challenges. Asian Money Markets will be of interest to scholars of development finance, financial officials and advisers, and anyone who wants to learn from the experience of some of the most dynamic economies in the world.
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Review quote

the richness of these case studies derives not only from the detailed description and history but also from the analytical methodology which has applied the disciplines of law, economics and business ... the book is an outstanding and timely study of the Asian money market ... The most valuable aspect of the book is the wealth of information on the different experiences of money market development of the examined countries. This book should be an important reference
for economists, financial researchers, policy makers, lawyers, busines people and students interested in financial markets. * Cao Yong, Nanyang Technological University, Asia Pacific Business Review, Vol. 3, No. 1, Autumn '96 *
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