Macroprudential Regulation of International Finance

Edited by Dongsoo Kang and Andrew Mason

in Books from Edward Elgar Publishing

Abstract: Recent events, such as capital flow reversals and banking sector crises, have shaken faith in the widely held belief in the benefits of greater financial integration and financial deepening, which are typical in advanced economies. This book shows that emerging economies have often weathered the storm best despite the supposed burden of ‘weak institutions’. It demonstrates that a better policy framework requires reliable indicators of vulnerability to financial instability, as well as improved policy tools and automatic stabilizers that anticipate and limit the vulnerabilities to financial crises.

Keywords: Asian Studies; Economics and Finance (search for similar items in EconPapers)
Date: 2016
ISBN: 9781785369568
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Chapters in this book:

Ch 1 Introduction and overview , pp 1-10

Dongsoo Kang and Andrew Mason

Ch 2 Macroprudential policies: indicators and tools , pp 11-38

Hyun Song Shin

Ch 3 Business and financial cycles in emerging markets: lessons for macroprudential policies , pp 39-80

Stijn Claessens and Swati R. Ghosh

Ch 4 Capital controls: a pragmatic proposal , pp 81-103

Maria Socorro Gochoco-Bautista and Changyong Rhee

Ch 5 Irrational expectations, financial amplification and prudential capital controls , pp 104-124

Sangwon Suh and Jinsoo Lee

Ch 6 Optimal international reserves with sudden stop risks , pp 125-139

Kyu- Chul Jung

Ch 7 International reserves for emerging economies , pp 140-163

Jong- Eun Lee

Ch 8 Foreign currency liquidity risk and prudential regulation of banks , pp 164-200

Sungbin Cho and Joon-Ho Hahm

Ch 9 Investment patterns of foreign bank branches in Korea and their role in the foreign exchange market , pp 201-228

Dongsoo Kang and Daehee Jeong

Ch 10 The role of reserves in a small open economy: the case of New Zealand , pp 229-255

Anella Munro and Michael Reddell

Ch 11 Facing volatile capital flows: the role of exchange rate flexibility and foreign assets , pp 256-284

Rodrigo Cifuentes and Alejandro Jara

Ch 12 Risk hedging in Korea’s financial markets: the impact of foreign investors , pp 285-304

Changwoo Nam

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