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E-grāmata: Finance in Asia: Institutions, Regulation and Policy [Taylor & Francis e-book]

(University of Hong Kong), (University of Hong Kong), (University of Hong Kong)
  • Formāts: 610 pages, 80 Tables, black and white; 90 Line drawings, black and white; 90 Illustrations, black and white
  • Sērija : Routledge Advanced Texts in Economics and Finance
  • Izdošanas datums: 26-Feb-2013
  • Izdevniecība: Routledge
  • ISBN-13: 9780203597736
  • Taylor & Francis e-book
  • Cena: 204,55 €*
  • * this price gives unlimited concurrent access for unlimited time
  • Standarta cena: 292,22 €
  • Ietaupiet 30%
  • Formāts: 610 pages, 80 Tables, black and white; 90 Line drawings, black and white; 90 Illustrations, black and white
  • Sērija : Routledge Advanced Texts in Economics and Finance
  • Izdošanas datums: 26-Feb-2013
  • Izdevniecība: Routledge
  • ISBN-13: 9780203597736

Asia’s demand for second-generation financial institutions and markets needs to be met in order for the region’s further development to be sustained. This book provides a compelling, fact-based assessment of current practices and regulations in Asia’s financial institutions and markets and carefully documents the exciting opportunities and challenges that lie ahead in the region’s financial systems.

This book differs in design from typical treatments of financial institutions and markets because its focus is on Asia rather than using the US model (in terms of market configurations or products) as a benchmark, and its takes a contemporary and forward-looking view of financial markets.

Examples of practice from Asia are used to illustrate major accepted themes in finance and financial regulation. To the extent that Asia’s main economies share characteristics that are distinct, for example, in the relationship between government and the banking sector, or in aspects of corporate governance, the book will discuss the consequences for market operation and intermediation.

The book’s carefully structured facts and rigorously argued analysis carry important implications both for students in business and law and for professionals new to financial markets in Asia. It will change the way that Asian financial markets and institutions is taught in universities as well as provide a valuable resource for professionals working in finance in Asia.

List of illustrations
viii
Table of cases, statutes and conventions
xiv
Acknowledgements xix
About the authors xxi
Introduction 1(10)
I.1 Finance in Asia
1(1)
I.2 Financial intermediation
2(2)
I.3 Convergence?
4(2)
I.4 The future of finance in Asia
6(1)
I.5 Structure of the book
6(5)
1 Asia's development model
11(38)
1.1 Divergent results from development
13(5)
1.2 Asia's modern economic history
18(4)
1.3 Features of the development model
22(14)
1.4 Asia's economy today
36(2)
1.5 Conclusions and questions
38(11)
2 Finance in Asia
49(42)
2.1 Finance and development
49(7)
2.2 Finance in the Asian development model
56(8)
2.3 The Asian financial crisis of 1997-98
64(10)
2.4 From regional to global crises
74(6)
2.5 The global financial crisis 2007-9
80(11)
3 Challenges to development and finance
91(56)
3.1 Weaknesses in the development model
92(12)
3.2 A generic view of intermediation
104(8)
3.3 Intermediation in Asia
112(26)
3.4 Intermediation in China
138(9)
4 Financial systems and practice: central banking, regulation and risk management
147(39)
4.1 Second generation financial systems: lessons from law and finance
147(4)
4.2 How does finance matter?
151(2)
4.3 Monetary policy and central banking
153(11)
4.4 Financial stability, regulation and development
164(13)
4.5 Financial intermediaries and risk management
177(9)
5 Institutional foundations of finance
186(29)
5.1 Institutional foundations of finance
186(1)
5.2 Governance, legal systems and economic development
187(2)
5.3 The significance of property rights
189(2)
5.4 Collateral and creditor rights
191(14)
5.5 Insolvency
205(8)
5.6 Contract enforcement and dispute resolution
213(2)
6 Credit risk and commercial banking
215(47)
6.1 Utility banking
215(12)
6.2 Core commercial banking
227(9)
6.3 Medium-term credit
236(18)
6.4 Cash securitization
254(8)
7 Investment banking and financial innovation
262(33)
7.1 Origins
263(5)
7.2 Investment and universal banking
268(3)
7.3 Markets in information and reputational capital
271(4)
7.4 Contracts and innovation
275(10)
7.5 Innovation in derivatives
285(3)
7.6 Asian investment banking
288(2)
7.7 The end of innovation?
290(5)
8 Debt securities, derivatives and complex transactions
295(76)
8.1 Debt contracts, loans and bonds
298(36)
8.2 Financial derivatives
334(22)
8.3 Credit derivatives and complex transactions
356(15)
9 Equity securities, organized exchanges and corporate governance
371(59)
9.1 Equity claims and capital markets
373(7)
9.2 Portfolio theory and financial globalization
380(6)
9.3 Organized exchanges
386(16)
9.4 Equity markets in Asia
402(5)
9.5 Corporate governance
407(23)
Appendix: the IPO process
422(8)
10 Mergers, acquisitions and corporate control
430(41)
10.1 Corporate change
433(12)
10.2 Finance and deal mechanics
445(6)
10.3 Activity in Asia
451(3)
10.4 Case study: ABN Amro Holding NV
454(14)
10.5 Prospects
468(3)
11 Non-bank and non-traditional intermediation
471(34)
11.1 Investor behaviour
475(5)
11.2 Traditional asset management
480(7)
11.3 Non-traditional intermediation
487(12)
11.4 Islamic finance
499(6)
12 Regional financial integration
505(35)
12.1 Concepts of integration
508(2)
12.2 State cooperation and governance
510(3)
12.3 Integration drivers
513(3)
12.4 Integration and development
516(1)
12.5 Monetary and financial cooperation
517(16)
12.6 Global influences
533(7)
13 The future of finance in Asia
540(4)
Notes 544(3)
Glossary 547(15)
Bibliography 562(35)
Index 597
Qiao Liu is Professor of Finance and Economics in the Guanghua School of Management at Peking University.

Paul Lejot is Visiting Fellow at the Asian Institute of International Financial Law at the University of Hong Kong.

Douglas W. Arner is Professor and Head of the Department of Law in the Faculty of Law of the University of Hong Kong.