This book reveals significant lessons on how economic prosperity was secured for people over three decades in eight Asian countries. It focusses on the careful way in which these nations designed and implemented pro-growth, liberal economic and financial policies. A new phenomenon – namely...

Financial reform has been a major concern for China’s transitional economy – especially in the realms of banking and insurance – since accession to the WTO in 2001. This book scrutinizes the development and limitations of these industries during the process of institutional transformation,...

Monetary Policy and Taiwan’s Economy questions whether the Asian crisis could have been avoided through the application of recommendations highlighted by the contributors. The conclusion reached is that in an abstract world, perhaps; but in the world in which we live; no. It is argued that the...

The establishment of the Shanghai Stock Exchange in December 1990 was a landmark in China’s institutional transformation. With this in mind, the authors consider the factors relating to institutional change – such as changes in the financial system, the scale and structure of stock market,...

The economic system of ‘high-growth-period’ Japan was characterized by various properties such as its unique banking system, industrial policy and lifetime employment. Juro Teranishi argues that since the ‘bubble period’ and the subsequent severe downturn of the economy during the 1990s,...

This book focuses on one of the most important features of the contemporary Japanese economy; cross shareholding – or mutual shareholding – between corporations. The book analyses recent trends and the reasons behind these, and discusses the implications for the entire Japanese economic...

East Asia’s Monetary Future is an illuminating and valuable work which uniquely focuses on a long-term monetary view of the region. There are multiple and varied future scenarios which can be applied to this region – an enlarged Singapore–Brunei currency area, a greater China monetary bloc...

Finance, Governance and Economic Performance in Pacific and South East Asia focuses on key aspects of government policy, financial systems and their links to the economic miracle in Pacific and South East Asia. It also considers the financial crises that have affected those economies and their...

This timely book examines the effects of financial liberalization in the more advanced economies of Southeast Asia. The book also analyses the degree to which emerging and transitional economies in East and South Asia can benefit from this example. The weakness of the banking sector is examined...