Here is a new proposal, solidly grounded in current reality, for a regional "zone of law" designed to supplement and benefit domestic reforms under way in Japan and the three emerging economies of Indonesia, South Korea, and Thailand. The author draws on a wide range of relevant material, including exploration of international standards and "best practices" in banking and finance, the experience of the U.S. and the U.K. in planning and implementing reform measures, and the theoretical literature respecting financial crises and what causes them.
In this context, the specific reforms applied in the four Asian countries under consideration are discussed in detail, with "lessons to be learned" about crisis detection, containment, and prevention. During the course of the analysis, the author reveals fundamental policy areas where meaningful and effective reform can take place.
Financial Stability Issues: The Case of East Asia offers numerous practical applications at the same time as it strikes a rich vein of theory in the field. Its fresh, sensible approach will be greatly appreciated, not only by academic theorists, but by hardheaded business people, policymakers, and regulators as well.
|Update Frequency||As Needed|
|Product Line||Kluwer Law International|
- Introductory Considerations Respecting a Financial Crisis: Identification and Containment
- The Possible Subject Matter Parameters of a Regional Arrangement
- The Japanese Banking Crisis: Historical and Regulatory Aspects
- An Examination of the Three Emerging Economies: Indonesia, Korea and Thailand
- Regional Institutionalization and the Creation of a "Zone of Law": The Context of Financial Stability/Regulation in East Asia
- Jurisdictional Considerations of a Regional Regulatory Institution in Asia