Financial Sector Development in the Pacific Rim
Takatoshi Ito and Andrew K. Rose
Abstract
The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. This book provides a collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, ... More
The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. This book provides a collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. The book offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.
Keywords:
policy reform,
Asian financial sectors,
banking,
stock markets,
currency crisis,
East Asia,
international finance,
capital markets,
financial innovation,
economic development
Bibliographic Information
| Print publication date: 2009 |
Print ISBN-13: 9780226386843 |
| Published to Chicago Scholarship Online: February 2013 |
DOI:10.7208/chicago/9780226386867.001.0001 |
