Financial Integration in East Asia


Financial Integration in East Asia

Financial Intergration in East Asia explains the different methods economists use to assess how open a country's financial system is to domestic and international influences, and applies these tests to ten countries in East Asia. It explains how a country that has an open financial system differs from one that is controlled. It explains what happened in East Asia in 1997/98 and reviews the costs and benefits of open financial markets. While it has appeal for the technical reader, the book uses ordinary language and emphasizes economic intuition. The topic is relatively new and fundamentally important to the way governments and markets work in East Asia.


 Reviews:

"[This book] assesses the degree to which selected economies in East Asia and the western Pacific are becoming more financially integrated with the rest of the world and explores some of the implications of integration for fundamental economic structure in these economies." Journal of Economic Literature

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