Emerging Asia: Essays on Crises, Capital Flows, FDI and Exchange Rate (Palgrave Macmillan Studies in Banking and Financial Institutions)

Cover......Page 1
Series......Page 2
Title......Page 4
Copyrignt......Page 5
Dedication......Page 6
Contents......Page 8
Illustrations......Page 10
Preface and Acknowledgements......Page 13
1 Booms and Busts in Private Capital Flows to Emerging Asia since the 1990s......Page 18
2 Asia As a Source of Capital (with Rabin Hattari)......Page 24
3 Will the US Dollar Remain the Single Global Currency? (with Sasidaran Gopalan)......Page 32
4 Exchange Rate Regimes in Asia......Page 37
5 East Asia and the Real Exchange Rate (with Javier H. Beverinotti)......Page 41
6 The Problem with Exchange Rate Volatility......Page 48
7 Capital Controls: No Longer Unorthodox......Page 52
8 Reconsidering the Tobin Tax......Page 58
9 Sovereign Debt Defaults: Concerns and Lessons......Page 64
10 Banking Sector Internationalisation in Asia (with Sasidaran Gopalan)......Page 69
11 The Global Financial Crisis of 2008–2009: Implications for Emerging Asia......Page 78
12 Sequencing of Regional Cooperation in Asia: The Real and Financial Dimensions......Page 83
13 Revisiting Asian Monetary and Financial Cooperation......Page 90
14 The Idea and Reality of the Asian Currency Unit (ACU)......Page 95
15 Asia in the G20: Monetary and Financial Considerations (with Sasidaran Gopalan)......Page 100
16 The Global Financial Crisis and the Bank Lending Channel (with M. Shahidul Islam)......Page 106
17 Macroeconomic Management during a Period of Plenty in India......Page 114
18 Post- Global Financial Crisis: Heating Up of the Inflation Debate in India (with Venkataramana Yanamandra)......Page 119
19 India’s International Reserves: How Diversified? (with Sasidaran Gopalan)......Page 127
20 The Importance of Remittances in India and South Asia (with Sasidaran Gopalan)......Page 131
21 Foreign Portfolio versus Foreign Direct Investment Flows: Are They So Different?......Page 140
22 Intra- Asian Foreign Direct Investment Flows (with Rabin Hattari)......Page 143
23 Revisiting India’s Foreign Direct Investment Numbers (with Sasidaran Gopalan)......Page 152
24 Attracting Foreign Direct Investment: The Role of Financial and Fiscal Incentives......Page 160
25 Global Competition for Foreign Direct Investment and Investment Promotion......Page 165
Notes......Page 170
Subject Index......Page 186