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  • Exchange Rate Regimes in East Asiaby Masahiro Kawai; Gordon de Brouwer

    Taylor and Francis 2012; US$ 49.95

    There is a deepening debate in East Asia about the prospects for common exchange rate arrangements, even including the formation of a common currency in the longer term. This raises a complex set of issues and this volume provides a detailed yet comprehensive examination of key issues in the debate. It looks, for example, at the nature and extent of... more...

  • Managing Capital Flowsby Masahiro Kawai; Mario B. Lamberte

    Edward Elgar Publishing 2010; US$ 40.00

    Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious... more...

  • Asia’s Free Trade Agreementsby Masahiro Kawai; Ganeshan Wignaraja

    Edward Elgar Publishing 2011; US$ 40.00

    The spread of Asia's free trade agreements (FTAs) has sparked an important debate on the impact of such agreements on business activity. This pioneering study uses new evidence from surveys of East Asian exporters - including Japan, the People's Republic of China, the Republic of Korea and three ASEAN economies of the Philippines, Singapore... more...

  • Financial Market Regulation and Reforms in Emerging Marketsby Masahiro Kawai; Eswar S. Prasad

    Brookings Institution Press and Asian Development Bank 2011; US$ 34.95

    In this timely volume Masahiro Kawai, Eswar Prasad, and their contributors offer a systematic overview of recent developments in—and the latest thinking about—regulatory frameworks in both advanced countries and emerging markets. Their analyses and observations clearly point out the challenges to improving regulation, efficiency of markets,... more...

  • Asian Perspectives on Financial Sector Reforms and Regulationby Masahiro Kawai; Eswar S. Prasad

    Brookings Institution Press 2011; US$ 34.95

    Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in... more...

  • Capital Market Reform in Asiaby Masahiro Kawai; Andrew Sheng

    SAGE India 2012; US$ 60.00

    Capital Market Reform in Asia is a compilation of selected papers that captures the essence of the issues and challenges that contributed to capital market reform in the Asian region. The central theme of this volume is to chart the progress of capital market development in Asia after the 1997–1998 Asian financial crisis, to understand the complex... more...

  • New Paradigms for Financial Regulationby Masahiro Kawai; Eswar S. Prasad

    Brookings Institution Press and Asian Development Bank Institute 2012; US$ 34.95

    The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, New Paradigms... more...

  • Asian Regionalism in the World Economyby Masahiro Kawai; Jong-Wha Lee; Peter A. Petri

    Edward Elgar Publishing 2010; US$ 40.00

    The structure and policy architecture of the world economy, as it emerges from the historic challenges now underway, will be affected by the dramatic rise of Asian economies and deepening connections among them. This important book examines the dramatic transformation of the Asian economy, the challenges it faces, emerging regional solutions, and how... more...

  • Asia and Policymaking for the Global Economyby Kemal Dervis; Masahiro Kawai; Domenico Lombardi

    Brookings Institution Press and Asian Development Bank 2011; US$ 19.95

    In this collaboration between the Brookings Institution and the Asian DevelopmentBank Institute, eminent international economists examine the increased influence ofAsian nations in the governance of global economic affairs, from the changing roleof the G-20 to the reform of multilateral organizations such as the InternationalMonetary Fund. more...

  • Monetary and Currency Policy Management in Asiaby Masahiro Kawai; Peter Morgan; Shinji Takagi

    Edward Elgar Publishing 2012; US$ 40.00

    Asian economies strengthened their monetary and currency management after the Asian financial crisis of 1997 - 1998, and came through the global financial crisis of 2007 - 2009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies... more...