1.

Record Nr.

UNINA9910788908903321

Titolo

Responding to financial crisis : lessons from Asia then, the United States and Europe now / / Changyong Rhee & Adam S. Posen, editors

Pubbl/distr/stampa

Washington, DC : , : Peterson Institute for International Economics : , : Asian Development Bank, , 2013

ISBN

0-88132-675-5

Descrizione fisica

1 online resource (362 p.)

Altri autori (Persone)

PosenAdam Simon

RheeChangyong

Disciplina

338.5/42

Soggetti

Financial crises - Asia

Financial crises - Europe

Financial crises - United States

Asia Economic conditions 21st century

Europe Economic conditions 21st century

United States Economic conditions 21st century

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"October 2013."

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

""Cover""; ""Table of Contents""; ""Preface""; ""Chapter 1 Introduction""; ""The United States and Europe Can Learn from Japan's "Lost Decades""; ""Central Bank Actions in Advanced Economies during the Global Financial Crisis Had Net Positive Impact""; ""Asian Countries Fared Better during the Global Financial Crisis than during the Asian Crisis""; ""The West Failed to Practice What It Preached during the Asian Crisis""; ""The Role of the International Monetary Fund Is Crucial""; ""Regional Financial Arrangements and Global Institutions Should Increase Coordination""

""Regional Financial Institutions Face the Same Challenges as Global Institutions"" ""Most of Emerging Asia Is in a Solid Debt Position, but Japan Faces Challenges""; ""Chapter 2 Banking Crises and "Japanization": Origins and Implications""; ""Japan's Stagnation Experience""; ""International Comparative Perspectives of Banking Crisis Experiences""; ""Econometric Analysis of Banking Crises and Growth""; ""Conclusion and Policy Implications""; ""References""; ""Appendix 2A"";



""Chapter 3 Responses of Central Banks in Advanced Economies to the Global Financial Crisis""

""How Have Central Banks Responded to the Crisis?"" ""How Effective Were the Responses?""; ""Conclusions""; ""References""; ""Appendix 3A""; ""Chapter 4 Why Did Asian Countries Fare Better during the Global Financial Crisis than during the Asian Financial Crisis?""; ""Macroeconomic Performance of Five Asian Countries: The Asian versus the Global Financial Crisis""; ""Empirical Framework""; ""Empirical Results""; ""Concluding Observations""; ""References""; ""Chapter 5 Policy Advice and Actions during the Asian and Global Financial Crises""; ""The Asian Financial Crisis""

""The US Financial Crisis"" ""Conclusion""; ""References""; ""Chapter 6 Evolution of the Asian and European Financial Crises: Role of the International Monetary Fund""; ""Crisis Origins""; ""Evolution of the Crises in Asia and Europe""; ""Lasting Lessons?""; ""References""; ""Chapter 7 Global and Regional Financial Safety Nets: Lessons from Europe and Asia""; ""Rise of Regional Arrangements""; ""Cooperation Challenges and Policy Prescriptions""; ""Conclusion""; ""References""; ""Appendix 7A""; ""Chapter 8 Regional Responses to Financial Crises: The Americas, East Asia, and Europe""

""Europe: The Road to the European Stability Mechanism and the Fiscal Compact"" ""Asia: Intergovernmentalism and Limits of the Chiang Mai Initiative""; ""The Western Hemisphere: American Leadership, Weak Institutions""; ""Conclusion""; ""References""; ""Chapter 9 Sovereign Debt and Asia: International Lessons and Emerging Issues""; ""The Latin American Crisis in the 1980's""; ""The East Asian Crisis of the Late 1990's""; ""The Euro Area Debt Crisis since 2010""; ""Debt Dynamics""; ""Debt Sustainability in Asia""; ""Fiscal Sustainability""; ""Domestic Bond Markets""; ""The Japan Problem""

""Debt and Growth""

Sommario/riassunto

"Analyzes different dimensions of past financial and economic crises from the perspective of Asian countries. It examines a number of diverse crisis-relevant themes, ranging from sovereign debt to central bank responses to financial safety nets. Drawing on concrete and specific lessons from past crises, this book aims to help today's Asian policymakers better manage crises and prevent them from arising in the future"--