Overview

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.  

Full Product Details

Author:   Frank Rövekamp ,  Moritz Bälz ,  Hanns Günther Hilpert
Publisher:   Springer International Publishing AG
Imprint:   Springer International Publishing AG
Edition:   Softcover reprint of the original 1st ed. 2015
Volume:   40
Dimensions:   Width: 15.50cm , Height: 1.10cm , Length: 23.50cm
Weight:   3.168kg
ISBN:  

9783319385426

ISBN 10:   3319385429
Pages:   187
Publication Date:   17 October 2016
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Paperback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

Introduction: Financial Stability in East Asia - A Tentative Assessment.- History and Legal Framework of the People's Bank of China.- The Independence of the Bank of Japan in the Light of Statutory Rules and Central Bank Independence Indices.- The Legal Framework for the European System of Central Banks.- Central Bank Independence in Times of High Fiscal Risk: The Case of Japan.- The Legality of Outright Monetary Transactions (OMT) of the European System of Central Banks.- Externally Imposed Financial Repression, Conflicted Internationalisation of the Renminbi and External Balancing via Wage Adjustment.- Demand and Supply of Shadow Banking in China.- Navigating the Trilemma: Central Banking in East Asia Between Inflation Targeting, Exchange-Rate Management and Guarding Financial Stability.- Concern About Financial Stability Following the Recent U.S. Legal Expansionism: International Law and East Asian Perspectives.- Index.

Reviews

Author Information

Prof. Dr. Frank Rövekamp is professor for Asian Studies with a focus on Japan and director of the East Asia Institute of the Ludwigshafen University of Applied Sciences. Formerly he worked for over 15 years in industry and held senior management positions in Germany, Japan and Hong Kong. He obtained his PhD in Business Studies from the University of Cologne. His current research interests include international monetary, currency and trade policy. Prof. Dr. Moritz Bälz, LL.M. (Harvard) is professor of Japanese Law and its Cultural Foundations at the Faculty of Law of Goethe University Frankfurt, where he currently also serves as deputy director of the Interdisciplinary Centre for East Asian Studies (IZO). Prior to assuming his current position in 2008, he for several years worked as an attorney with international law firm Freshfields Bruckhaus Deringer in New York and Frankfurt. His research focuses on Japanese business law from a comparative perspective and dispute resolution in Japan. Dr. Hanns Günther Hilpert is Senior Associate in the Research Unit Asia at the German Institute for International and Security Affairs (“Stiftung Wissenschaft und Politik”, SWP), Berlin. Formerly he worked for the German Institute for Japanese Studies (DIJ), Tokyo and the Ifo Institute for Economic Research, Munich. He has written and published many books and articles on the Japanese economy and on Asian trade and economic integration. His current research focuses at various policy oriented economic issues of East Asia.

Tab Content 6

Author Website:  

Customer Reviews

Recent Reviews

No review item found!

Add your own review!

Countries Available

All regions