Asias Fin Crisis Role Of Real Estate

Author : Koichi Mera
Publisher : Routledge
ISBN 13 : 1315500000
Total Pages : 313 pages
Book Rating : 4.03/5 ( download)

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Download or read book Asia's Financial Crisis and the Role of Real Estate written by Koichi Mera and published by Routledge. This book was released on 2016-07-08 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.

Author :
Publisher : M.E. Sharpe
ISBN 13 : 9780765619273
Total Pages : 316 pages
Book Rating : 4.7X/5 ( download)

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Download or read book Asia's Fin Crisis Role of Real Estate written by and published by M.E. Sharpe. This book was released on with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 14. Conclusion: Toward Efficiency and Stability in Asian Real Estate Markets -- About the Editors and Contributors -- Index

Author : Shalendra Sharma
Publisher : Manchester University Press
ISBN 13 : 1526137682
Total Pages : 409 pages
Book Rating : 4.85/5 ( download)

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Download or read book The Asian Financial Crisis written by Shalendra Sharma and published by Manchester University Press. This book was released on 2018-07-30 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This electronic version has been made available under a Creative Commons (BY-NC-ND) open access license. The Asian financial crisis of 1997-98 shook the foundations of the global economy and what began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies long considered 'miracles' respond? How did the United States, Japan and other G-7 countries respond to the crisis? What role did the IMF play?. Why did China, which suffers many of the same structural problems responsible for the crisis remain conspicuously insulated from the turmoil raging in its midst?. What explains the remarkable recovery now underway in Asia? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the "new international financial architecture"?. This book provides answers to all the above questions and more, and gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it.

Author : Shalendra Sharma
Publisher : Manchester University Press
ISBN 13 : 9780719066030
Total Pages : 422 pages
Book Rating : 4.34/5 ( download)

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Download or read book The Asian Financial Crisis: New International Financial Architecture written by Shalendra Sharma and published by Manchester University Press. This book was released on 2003-10-03 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles," respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China remain conspicuously insulated from the turmoil raging in its midst? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. The book will be vital to students of economics, international political economy, Asian and development studies.

Author : Takatoshi Ito
Publisher : University of Chicago Press
ISBN 13 : 0226386864
Total Pages : 402 pages
Book Rating : 4.67/5 ( download)

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Download or read book Financial Sector Development in the Pacific Rim written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2009-05-15 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: The reform in Asian financial sectors—especially in banking and stock markets—has been remarkable since the currency crisis of 1997–98. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. Financial Sector Development in the Pacific Rim provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region. Bringing together authors from various East Asian and Pacific nations, this volume examines the institutional factors influencing financial innovation, the consequences of financial development, widespread consolidation occurring through mergers and acquisitions, and the implementation of policy reform. Financial Sector Development in the Pacific Rim offers the comparative analysis necessary to answer broad questions about economic development and the future of Asia.

Author : Bertrand Renaud
Publisher : John Wiley & Sons
ISBN 13 : 0470672668
Total Pages : 350 pages
Book Rating : 4.62/5 ( download)

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Download or read book Dynamics of Housing in East Asia written by Bertrand Renaud and published by John Wiley & Sons. This book was released on 2016-04-18 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first to evaluate the organisation, behaviour and performance of six major East Asian real estate markets. It offers a unique analysis of the growth and transformation of the real estate sector across East Asia. The authors examine the interactions between volatility in the sector and the overall stability of the economy, in particular during the Asia financial crisis of 1997-98, and the global financial crisis of 2008-09. draws on the best available theoretical and empirical literature applies analytic tools in the context of East Asian institutions and policies helps understand factors affecting resilience and stability in East Asian real estate markets.

Author : Charles Collyns
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.61/5 ( download)

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Download or read book Lending Booms, Real Estate Bubbles and the Asian Crisis written by Charles Collyns and published by International Monetary Fund. This book was released on 2002-02 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the link between lending booms, asset price cycles, and financial crises across East Asian countries. Both theoretical arguments and empirical evidence support a strong relationship between bank lending and asset price inflation, especially in the real estate market. While asset price bubbles were present in most Asian countries during the 1990s, their subsequent bust has affected countries quite differently. Some countries underwent severe exchange and financial crises, while others were able to weather the storm with much less damage. This experience underlines the importance of a strong bank regulatory system.

Author : William C. Hunter
Publisher : Springer Science & Business Media
ISBN 13 : 1461551552
Total Pages : 513 pages
Book Rating : 4.53/5 ( download)

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Download or read book The Asian Financial Crisis: Origins, Implications, and Solutions written by William C. Hunter and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the late 1990s, Korea, Thailand, Indonesia and Malaysia experienced a series of major financial crises evinced by widespread bank insolvencies and currency depreciations, as well as sharp declines in gross domestic production. This sudden disruption of the Asian economic `miracle' astounded many observers around the world, raised questions about the stability of the international financial system and caused widespread fear that this financial crisis would spread to other countries. What has been called the Asian crisis followed a prolonged slump in Japan dating from the early 1980s and came after the Mexican currency crisis in the mid-1990s. Thus, the Asian crisis became a major policy concern at the International Monetary Fund as well as among developed countries whose cooperation in dealing with such financial crises is necessary to maintain the stability and efficiency of global financial markets. This book collects the papers and discussions delivered at an October 1998 Conference co-sponsored by the Federal Reserve Bank of Chicago and the International Monetary Fund to examine the causes, implications and possible solutions to the crises. The conference participants included a broad range of academic, industry, and regulatory experts representing more than thirty countries. Topics discussed included the origin of the individual crises; early warning indicators; the role played by the global financial sector in this crisis; how, given an international safety net, potential risks of moral hazard might contribute to further crises; the lessons for the international financial system to be drawn from the Asian crisis; and what the role of the International Monetary Fund might be in future rescue operations. Because the discussions of these topics include a wide diversity of critical views and opinions, the book offers a particularly rich presentation of current and evolving thinking on the causes and preventions of international banking and monetary crises. The book promises to be one of the timeliest as well as one of the most complete treatments of the Asian financial crisis and its implications for future policymaking.

Author : Masahiro Kawai
Publisher : Rowman & Littlefield
ISBN 13 : 0815722117
Total Pages : 338 pages
Book Rating : 4.13/5 ( download)

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Download or read book Asian Perspectives on Financial Sector Reforms and Regulation written by Masahiro Kawai and published by Rowman & Littlefield. This book was released on 2011-10-10 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Asian Development Bank Institute Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in growth rates in most cases. China and India maintained strong growth during the crisis and played an important role in facilitating global economic recovery. In this informative volume, the second in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and the contributors analyze the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation and surging capital inflows, with the accompanying risks of asset and credit market bubbles and of rapid currency appreciation. The book examines strategies to promote financial stability, including reforms for financial market development and macroprudential supervision and regulation.

Author : Yip Paul Sau Leung
Publisher : World Scientific
ISBN 13 : 9814623709
Total Pages : 232 pages
Book Rating : 4.04/5 ( download)

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Download or read book From The Global Financial Tsunami To The Property Bubbles In Asia: The Need For A New Discipline On Macroeconomic Management written by Yip Paul Sau Leung and published by World Scientific. This book was released on 2019-03-20 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the formation of the current huge property bubbles in many Asian economies and the high likelihood of another Asian financial crisis due to the eventual bursting of these property bubbles. In particular, it explains:In view of the huge costs due to the macroeconomic policy mistakes in many developing economies and some advanced economies, this book recommends the development of a new economic discipline on macroeconomic management and rigorous selection procedures of key economic and monetary officials. If properly done, these would help pre-empt financial crises, currency crises and asset bubbles in the future.