There has been much interest in
understanding various dimensions of the growth and integration of emerging Asia with the
rest of the world, particularly with regard to international capital flows and external
financing. Nonetheless, serious academic work in this area has lagged somewhat compared to
issues relating to international trade.
This book fills this gap by dealing
with topics relating to booms and busts in capital flows, financial stability the sources
of external financing, and the important role played by FDI. It also discusses the
monetary transmission channel, extent of financial integration, and the choice of exchange
rate regimes in emerging Asia.
The book consists of ten chapters, divided into
three sections pertaining to international capital flows and financial crises; foreign
direct investment (FDI) flows to and from the region including Mergers and Acquisitions
(M&As), exchange rate regimes and choices and monetary policy transmission mechanism.
While some chapters focus specifically on India, which is one of the new growth stars of
Asia, many chapters deal with emerging Asia more generally (or specific sub-regions of
East and South Asia). The book focuses on important economic policy issues of contemporary
relevance-informed by data and rigorous empirical analysis.
Table of Contents
Preface
1. How has Emerging Asia Handled Booms and Busts in Capital Flows?
2. Are India's International Reserves Adequate to Manage Future Crises?
3. How Important are Remittances as a Source of External Financing in South Asia?
4. What Drives FDI Flows to and Within Emerging Asia?
5. What is the Extent of Cross-border Mergers and Acquisitions (M&As) in
Emerging Asia?
6. What is the Mystery Behind India's FDI Flows?
7. How Open are the Banking Sectors in Emerging Asia to FDI?
8. How Effective was Monetary Policy in India during the Global Financial Crisis?
9. How Integrated is East Asia?: The Real and Financial Dimensions.
10. How Are Emerging Asian Currencies Managed?
Index
336 pages, Paperback