International Finance in Emerging Markets

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

250320.rar (2.33 MB, 需要: 5 个论坛币) 本附件包括：

• 2.pdf
• 3.pdf
• 4.pdf
• 5.pdf
• 6.pdf
• 7.pdf
• 8.pdf
• 9.pdf
• front-matter.pdf
• back-matter.pdf
• 1.pdf

2008-9-25 09:53:00 上传

International Finance in Emerging Markets
需要: 5 个论坛币  [购买]

International Finance in Emerging Markets
Issues, Welfare Economics Analyses and Policy Implications
丛书 Contributions to Economics
ISSN 1431-1933
学科 Economics/Management Science, Financial Economics, Macroeconomics/Monetary Economics and Development Economics
出版社 Physica-Verlag HD
DOI 10.1007/978-3-7908-2044-7
版权 2008
ISBN 978-3-7908-2043-0 (Print) 978-3-7908-2044-7 (Online)
学科分类 商业和经济
学科 Economics/Management Science, Financial Economics, Macroeconomics/Monetary Economics and Development Economics

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏2 回帖

关键词：Internation Emerging National Finance Markets Finance Markets Emerging

Chapter 1: Introduction...................................................................1
1.1  Introduction!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-...
1.2  Recent Issues in International Finance.................................................4
       1.2.1  Overview of International Financial Crises................................4
       1.2.2  Views on the East Asian Crises..................................................8
1.3  Statement of the Problem and Objectives of the Study......................10
       1.3.1 Objectives of the Study..............................................................10 
       1.3.2 Finance and Welfare Economics...............................................11
1.4  Book Outline......................................................................................13
PART  A: Literature Review ¨C The Emerging Issues
Chapter 2: Recent Issues in International Finance:
A Literature Review.............................................................21
2.1  Introduction........................................................................................21
2.2  Financial Liberalisation: Sequence and Order...................................21
       2.2.1  Overview..................................................................................22
       2.2.2  Sequence and Order of Financial Liberalisation:
 A Literature Review................................................................23
2.3  Capital Controls.................................................................................26
       2.3.1  Controls on Capital Outflows..................................................27
                 2.3.1.1  Preventive Controls on Capital Outflows...................27
                 2.3.1.2Curative Controls on Capital Outflows.......................28
       2.3.2  Controls on Capital Inflows.....................................................29
2.4  Exchange Rate Policy........................................................................30
       2.4.1  Factors Influencing a Choice of Exchange Rate Policy...........31
       2.4.2  Overview of Fixed and Flexible Exchange Rate.....................32
2.5  Asymmetric Information....................................................................35
36       2.5.1  Asymmetric Information: An Overview..................................
37       2.5.2  Theory of Adverse Selection...................................................

x      Table of Contents
       2.5.3  Theory of Moral Hazard..........................................................39
       2.5.4  Financial Crises and Asymmetric Information........................41
2.6  Summary............................................................................................44
 
Chapter 3: Overview of Thailand!ˉs Approach to Financial
 Liberalisation........................................................................47 
3.1  Introduction........................................................................................47
3.2  Thailand!ˉs Economic Development...................................................48
       3.2.1  The Six National Development Plans......................................48
3.3  History of Thailand!ˉs Economic Growth...........................................51
3.4  Forces Influencing Financial Liberalisation in Thailand...................53
       3.4.1  Internal Forces.........................................................................53
                 3.4.1.1  Export-Led Growth Policy..........................................53
                 3.4.1.2  Acceptance of the IMF Article VIII............................54
                 3.4.1.3  A Sound Fiscal Condition...........................................55
       3.4.2  External Forces........................................................................56
                 3.4.2.1  Opening of Neighbouring Economies........................56
                 3.4.2.2  The Trend Towards Globalisation of the 
 Financial System........................................................57
3.5  Financial Liberalisation Framework..................................................58
       3.5.1  Trade Reforms and Interest Rate Deregulation.......................58
       3.5.2  Relaxation of Exchange Rate and Capital Controls.................60
       3.5.3  The Establishment of International Financial Facilities..........61
                 3.5.3.1  The Establishment of the Bangkok International
                               Banking Facilities (BIBF)..........................................61
                 3.5.3.2  The Export-Import Bank.............................................62
3.6  Summary............................................................................................64
 
PART  B: The Thai Experience 
 
Chapter 4:  Analysis of Sequencing of Financial Liberalisation 
in Thailand...........................................................................69
4.1  Introduction........................................................................................69
4.2  Reforms of Foreign Trade Pattern.....................................................70
4.3  Reduction of Deficits and Maintaining Foreign Reserve...................73
4.4  Foreign Exchange and Capital Control Reforms...............................77
4.5  Domestic Financial Reforms.............................................................82
4.6  Summary............................................................................................86
 
 
 

Table of Contents      xi
Chapter 5: Capital Controls: Consequences of Financial
 Liberalisation........................................................................89
5.1  Introduction........................................................................................89
5.2  Pattern of Net Private Capital Flows.................................................90
5.3  Characteristics of Thailand!ˉs Capital Flows......................................95
       5.3.1  Capital Flows to Banking Sector.............................................95
                 5.3.1.1  Capital Flows of Commercial Banks..........................95
                 5.3.1.2  Capital Flows of the BIBF..........................................99
       5.3.2  Capital Flows to Non-bank Sector.........................................102
                 5.3.2.1  Capital Flows as Foreign Direct Investment (FDI)...103
                 5.3.2.2The Loan Component of Capital Flows....................107
                 5.3.2.3Capital Flows as Portfolio Investment......................109
                 5.3.2.4  Capital Flows of the Non-resident Account..............113
5.4  Summary!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!
Chapter 6: Exchange Rate Policy and Its Consequences...................117
6.1  Introduction......................................................................................117
6.2  Exchange Rates and Their Determination ......................................117
6.3  Overview of Thailand!ˉs Exchange Policy.......................................119
6.4  Development of Thailand!ˉs Basket of Currencies...........................121
6.5  Consequences of the Basket of Currencies......................................122
       6.5.1  Impacts of a Pegged Exchange Rate to Trade Growth..........122
       6.5.2  Surge in Funds to Thailand!ˉs Financial Market.....................131
                 6.5.2.1Commercial Banks!ˉ Source of Funds.......................132
                 6.5.2.2  The BIBF!ˉs Sources of Funds...................................138
6.6  Summary..........................................................................................143
PART  C:Welfare Economies, Economic Theory and Policy
Chapter 7:  Review of Financial Liberalisation Theory
and the Thai Crisis............................................................147
7.1  Introduction......................................................................................147
7.2  Inappropriate Sequence of Liberalisation........................................150
7.3  Loosening Controls over the Capital Account!-!-!-!-!-!-.......
7.4  Problems of Stable Exchange Rates!-!-!-!-!-!-!-!-!-!-!-...
7.5 Asymmetric Information: Problems of Moral Hazard!-!-!-!-..!-.161             

xii      Table of Contents
Chapter 8: A Cost Benefit Analysis Model for Globalisation:
 Some Social Welfare Implications of Thailand!ˉ
 Globalisation Process..........................................................165
8.1  Introduction !-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-....
8.2  Overview of Globalisation and the Thai Experience!-!-!-!-!-
8.3 Welfare Economics Framework for Globalisation!-!-!-!-...!-
      8.3.1 The Elements!-!-!-!-!-!-!-!-!-!-!-!
               8.3.1.1 A General Welfare Economics Framework!-!-!-!-
               8.3.1.2 Applications to Globalisation!-!-!-!-!-!-!-!
      8.3.2 Social Choice Theory!-!-!-!-!-!-!-!-!-!-
      8.3.3 A System Analysis!-!-!-!-!-!-!-!-!-!-!
8.3.4 Issues in the Application of the Framework!-.!-!-!-!-!
8.4 Costs and Benefits of Globalisation!-!-!-!-!-!-!-!-!-!
       8.4.1 Illustrative Numerical Estimation of the Costs and Benefits
 of Globalisation!-!-!-!-!-!-!-!-!-!-!-!
 8.4.1.1 Benefits........................................................................174
                8.4.1.2 Costs!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-......
8.4.2 Numerical Application: Methodology, Data and Results!-!-17
   8.4.2.1 GDP Index!-!-!-!-!-!-!-!-!-!-!-!-
177   8.4.2.2 GDP Adjustment Data!-!-!-!-!-!-!-
8.5 Welfare Implications of Globalisation!-!-!-!-..............................
8.6 Conclusions!-!-!-!-!-!-!-!-!-!-!-!-!-!-
Chapter 9:  Conclusions and Policy Implications...............................183
9.1 Conclusions!-!-!-!-!-!-!-!-!-!-!-!-!-
9.2 Policy Implications!-!-!-!-!-!-!-!-!-!-!-!
9.3 Areas for Further Research!-!-!-!-!-!-!-!-!-!-
9.4 Final Comments!-!-!-!-!-!-!-!-!-!-!-!-!
References!-!-!-!-!-!-!-!-!-!-!-!-!-!-
Appendix A: Regulatory Agency!-................!-!-!-!-.!-!-!
Appendix B: Articles of Agreement of the IMF!-!-!-!-!-!-!-!
Appendix C: Chronology of Financial Reforms in Thailand!-!-!-!-...
Index!-!-!-!-!-!-!-!-!-!-!-!-!-!-!-