Hedge Funds are one of the most controversial institutions in modern finance. This book explains their workings, their benefits and the necessary policy reforms to curb their most damaging effects. Uses case study material from Hong Kong, Indonesia, Malaysia, Singapore, Australia and New Zealand...

Financial Integration in East Asia by Gordon De Brouwer features important research assessing the theory and practice of financial integration and provides the first major study of the recent upheavals in East Asian financial markets and economies. This is the latest volume in the distinguished...

This book assesses the need to secure policy consistency, the scope for inflation targeting, the sustainability of exchange rate regimes and the scope for deeper financial integration in the Australasian area

Before the financial crisis, a number of east Asian economies managed their exchange rates with the aim of stabilising the value of their currency against a basket of key major currencies, but overwhelmingly the US dollar (Frankel and Wei 1994). This suited these economies in the first half of...

Conclusion: This paper has assessed the empirical relationship between exchange rate volatility and survey measures of household and business confidence in Australia, Japan, Korea, Malaysia, and Singapore. Caution needs to be used in interpreting this relationship, because the number of...

There is a growing appetite in East Asia for thinking about ways to deepen economic and financial policy dialogue, cooperation and integration. This paper aims to inform that debate by examining what data on output, consumption and investment in East Asia reveal about linkages and commonality in...