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Central Banking and Financial Stability in East Asia

  • Frank Rövekamp
  • Moritz Bälz
  • Hanns Günther Hilpert

Part of the Financial and Monetary Policy Studies book series (FMPS, volume 40)

About this book

Introduction

​This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.  

Keywords

Central Banking East Asia Exchange Rate Financial Stability Shadow Banking

Editors and affiliations

  • Frank Rövekamp
    • 1
  • Moritz Bälz
    • 2
  • Hanns Günther Hilpert
    • 3
  1. 1.East Asia InstituteLudwigshafenGermany
  2. 2.Interdisc. Centre for East Asian StudiesFrankfurt UniversityFrankfurtGermany
  3. 3.German Institute for Int. Security AffairsBerlinGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-17380-1
  • Copyright Information Springer International Publishing Switzerland 2015
  • Publisher Name Springer, Cham
  • eBook Packages Business and Economics
  • Print ISBN 978-3-319-17379-5
  • Online ISBN 978-3-319-17380-1
  • Series Print ISSN 0921-8580
  • Series Online ISSN 2197-1889
  • Buy this book on publisher's site