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  • Open Access
  • © 2015

Managing Elevated Risk

Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective

  • Provides timely and relevant insights into current financial developments in Asia

  • Explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial conditions and income inequality

  • Essential reading for both academics and practitioners alike

  • Includes supplementary material: sn.pub/extras

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-viii
  2. Introduction and Overview

    • Iwan J. Azis, Hyun Song Shin
    Pages 1-5Open Access
  3. The Three Phases of Global Liquidity

    • Iwan J. Azis, Hyun Song Shin
    Pages 7-44Open Access
  4. Early Warning Indicators for Financial Vulnerabilities

    • Iwan J. Azis, Hyun Song Shin
    Pages 45-60Open Access
  5. Emerging Asia’s Noncore Liabilities and Policy Effectiveness

    • Iwan J. Azis, Hyun Song Shin
    Pages 61-78Open Access
  6. Capital Flows and Income Distribution

    • Iwan J. Azis, Hyun Song Shin
    Pages 79-99Open Access
  7. Policy Implications

    • Iwan J. Azis, Hyun Song Shin
    Pages 101-121Open Access
  8. Back Matter

    Pages 123-124

About this book

This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.

Keywords

  • Capital flows and income distribution in Asian Economies
  • Macro prudential policy in Asian Economies
  • Principles of early warning indicators and non-core Liabilities
  • Regional safety nets in Asian Economies
  • Three phases of global liquidity in Asian Economies

Authors and Affiliations

  • Office of Regional Economic Integration Asian Development Bank, Manila, Philippines

    Iwan J. Azis

  • Princeton University, Princeton, USA

    Hyun Song Shin

About the authors

Iwan Azis has been teaching at Cornell University since 1992. He was also Director of Graduate Study at the Regional Science Program and adjunct professor at the Johnson Graduate School of Management before he took a leave to head the Asian Development Bank’s Office of Regional Economic Integration (OREI). His main research interest is on macro-financial economics and regional economic modeling. He obtained his Bachelor in economics from the University of Indonesia (1976); Ph.D (1982) and Master’s degree (1981) in Regional Science and Economics from Cornell University.

Hyun Song Shin took up the position of Economic Adviser and Head of Research at the BIS on 1 May 2014. Before joining the BIS, Mr. Shin was the Hughes-Rogers Professor of Economics at Princeton University. In 2010, on leave from Princeton, he served as Senior Adviser to the Korean president, taking a leading role in formulating financial stability policy in Korea and developing the agenda for the G20 during Korea's presidency. From 2000 to 2005, he was Professor of Finance at the London School of Economics. He holds a DPhil and MPhil in Economics from Oxford University (Nuffield College) and a BA in Philosophy, Politics and Economics from the same university.

Bibliographic Information

  • Book Title: Managing Elevated Risk

  • Book Subtitle: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective

  • Authors: Iwan J. Azis, Hyun Song Shin

  • DOI: https://doi.org/10.1007/978-981-287-284-5

  • Publisher: Springer Singapore

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Asian Development Bank 2015

  • License: CC BY-NC IGO

  • Hardcover ISBN: 978-981-287-283-8Published: 15 January 2015

  • Softcover ISBN: 978-981-10-1379-9Published: 06 October 2016

  • eBook ISBN: 978-981-287-284-5Published: 11 December 2014

  • Edition Number: 1

  • Number of Pages: VIII, 124

  • Number of Illustrations: 69 b/w illustrations

  • Topics: Finance, general, Economic Policy, Development Economics

Buy it now

Buying options

Hardcover Book USD 59.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access