000 05323nam a22005175i 4500
001 978-4-431-55034-1
003 DE-He213
005 20200420211739.0
007 cr nn 008mamaa
008 140814s2014 ja | s |||| 0|eng d
020 _a9784431550341
_9978-4-431-55034-1
024 7 _a10.1007/978-4-431-55034-1
_2doi
050 4 _aHD72-88
072 7 _aKCM
_2bicssc
072 7 _aBUS092000
_2bisacsh
082 0 4 _a338.9
_223
245 1 0 _aReform of the International Monetary System
_h[electronic resource] :
_bAn Asian Perspective /
_cedited by Masahiro Kawai, Mario B. Lamberte, Peter J. Morgan.
264 1 _aTokyo :
_bSpringer Japan :
_bImprint: Springer,
_c2014.
300 _aXVII, 259 p. 54 illus., 42 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aCh 1 Reform of the International Monetary System: Introduction and Overview (Masahiro Kawai, Peter J. Morgan) Part I International Monetary System Reforms Ch 2 International Monetary Reform: A Critical Appraisal of Some Proposals (Yung Chul Park, Charles Wyplosz) Part II Managing International Capital Flows Ch 3 Rethinking Capital Flows for Emerging East Asia (Stephen Grenville) -- Ch 4 New Measures of the Trilemma Hypothesis: Implications for Asia (Hiro Ito, Masahiro Kawai) Part III Asian Currency Arrangements -- Ch 5 Revisiting the Internationalization of the Yuan (Yongding Yu) -- Ch 6 Exchange Rate Coordination in Asia: Evidence Using an Asian Currency Unit (Abhijit Sen Gupta) Part IV Regional Financial Cooperation Ch 7 Europe's Crisis, Coordination Failure, and International Effects (Stefan Collignon) -- Ch 8 Prevention and Resolution of Foreign Exchange Crises in East Asia (Chalongphob Sussangkarn) Part V Linking Regional and Global Initiatives Ch 9 Regional and Global Monetary Cooperation (Mario B. Lamberte, Peter J. Morgan).
520 _aThe recent global financial crisis and its aftermath, including the sovereign debt and banking crisis in Europe, are key drivers of the current policy debate on the international monetary system. The crisis highlighted a number of weaknesses of the current international monetary system including over-reliance on the US dollar as the key currency for international transactions, the vulnerability of emerging economies to volatile international capital flows, and the lack of a reliable international financial safety net. Another important development is the potential development of the yuan as a global reserve currency. One area of debate surrounds the search for alternative international reserve currencies to supplement the role of the US dollar as the preeminence of the United States in the global economy is being gradually eroded. A second question relates to the management of monetary and currency policy in the presence of large and volatile capital flows. A third issue is the need for a global financial safety net and the role that regional financing arrangements can play in it. A fourth topic is the need for institutional support mechanisms to make a common, single currency system (such as the eurozone) viable, including fiscal policy coordination and banking union. A fifth important question is the value of soft currency cooperation at a regional level where economies are highly interdependent as in the case of Asia. This volume brings together studies that address aspects of reform of the international monetary system noted above. Many of the studies have a specific focus on Asia, while others address such diverse areas as the implications of the eurozone crisis, reforms of the international monetary system, and cooperation of regional and global safety nets. Given that the period of very low interest rates and sluggish growth in the major developed economies is likely to persist for some time, these conditions will tend to support continued large-scale capital outflows to Asian and other emerging economies. Therefore, the topics covered in the book are both urgent and timely. Masahiro Kawai is professor, Graduate School of Public Policy, Tokyo University, and was dean and CEO of the Asian Development Bank Institute from 2007 to 2014. Mario B. Lamberte is team leader, COMPETE Project, The Asia Foundation, Makati City, Philippines, and was director of research at the Asian Development Bank Institute from 2007 to 2012. Peter J. Morgan is senior consultant for research, Asian Development Bank Institute, Tokyo, Japan.
650 0 _aFinance.
650 0 _aInternational economics.
650 0 _aDevelopment economics.
650 0 _aRegional economics.
650 0 _aSpatial economics.
650 1 4 _aEconomics.
650 2 4 _aDevelopment Economics.
650 2 4 _aInternational Economics.
650 2 4 _aRegional/Spatial Science.
650 2 4 _aFinance, general.
700 1 _aKawai, Masahiro.
_eeditor.
700 1 _aLamberte, Mario B.
_eeditor.
700 1 _aMorgan, Peter J.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9784431550334
856 4 0 _uhttp://dx.doi.org/10.1007/978-4-431-55034-1
912 _aZDB-2-SBE
942 _cEBK
999 _c50580
_d50580