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Reform of the international financial architecture : an Asian perspective
Kawai, Masahiro - 2009
powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …) debt restructuring, and on the cross-border resolution of insolvent, internationally active financial firms for fair burden …
Persistent link: https://www.econbiz.de/10003901587
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Financial Crises: Nine Lessons from East Asia
Kawai, Masahiro; Newfarmer, Richard; Schmukler, Sergio L. - In: Eastern Economic Journal 31 (2005) 2, pp. 185-207
The 1990s witnessed a surge in private capital flows to developing countries--and a surge in financial crises. The most severe and regionally extensive has (to date) been East Asia's. The last six years has produced a wealth of research that now allows us to abstract policy lessons from the East...
Persistent link: https://www.econbiz.de/10005641654
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Reform of the international financial architecture: An Asian perspective
Kawai, Masahiro - 2009
powerful Financial Stability Board, and augmenting the financial resources of the IMF. However, the international financial … architecture remains inadequate for the needs of many emerging market economies. The effectiveness of IMF surveillance …) debt restructuring, and on the cross-border resolution of insolvent, internationally active financial firms for fair burden …
Persistent link: https://www.econbiz.de/10010279852
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Reform of the International Financial Architecture: An Asian Perspective
Kawai, Masahiro - Asian Development Bank Institute, Asian Development Bank - 2009
, and augmenting the financial resources of the IMF. <p>The paper concludes, however, that the international financial … externally driven crises. No international agreements exist on external (sovereign) debt restructuring, or on the cross …
Persistent link: https://www.econbiz.de/10008467185
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Evolving ASEAN+3 ERPD: Towards peer reviews or due diligence?
Kawai, Masahiro; Houser, Cindy - 2007
arrangement that is more independent of International Monetary Fund (IMF) programs. This requires a significant strengthening of …' approach or an IMF-type 'due diligence' approach. The paper argues that ERPD needs to evolve to embrace both approaches by …
Persistent link: https://www.econbiz.de/10010279712
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Evolving ASEAN+3 ERPD : towards peer reviews or due diligence?
Kawai, Masahiro (contributor); Houser, Cindy (contributor) - 2007
arrangement that is more independent of International Monetary Fund (IMF) programs. This requires a significant strengthening of …” approach or an IMF-type “due diligence” approach. The paper argues that ERPD needs to evolve to embrace both approaches by …
Persistent link: https://www.econbiz.de/10003554773
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Toward a regional exchange rate regime in East Asia
Kawai, Masahiro - 2007
Deepening market-driven economic integration in East Asia makes intraregional exchange rate stability across the region increasingly desirable and necessary. This paper suggests that East Asia's emerging economies begin with a currency basket system based on the G3 (US, Euro area and Japanese)...
Persistent link: https://www.econbiz.de/10010279659
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Issues for renminbi internationalization: An overview
Eichengreen, Barry; Kawai, Masahiro - 2014
The growing weight of the People's Republic of China (PRC) in the world economy, measured by gross domestic product (GDP) and trade volume, has intensified debate on the potential international role of its currency - the renminbi (RMB). This paper provides an overview of RMB internationalization...
Persistent link: https://www.econbiz.de/10010397329
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Asian monetary integration: A Japanese perspective
Kawai, Masahiro - 2014
This paper discusses Japan's strategy for Asian monetary integration. It argues that Japan faces three major policy challenges when promoting intraregional exchange rate stability. First, there must be some convergence of exchange rate regimes in East Asia, and the most realistic option is for...
Persistent link: https://www.econbiz.de/10010397336
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Toward a regional exchange rate regime in East Asia
Kawai, Masahiro (contributor) - 2007
Deepening market-driven economic integration in East Asia makes intraregional exchange rate stability across the region increasingly desirable and necessary. This paper suggests that East Asia’s emerging economies begin with a currency basket system based on the G3 (US, Euro area and Japanese)...
Persistent link: https://www.econbiz.de/10003483059