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Financial Development in Asia

The Way Forward

Barry Eichengreen

Publication Year: 2004

Professor Eichengreen has published widely on the international monetary and financial system. His books include Capital Flows and Crises, and Financial Crises and What to Do About Them. Data shows that Emerging Asia relies less on bonds and more on banks than developed countries. What costs, if any, do Asian countries incur as a result of their heavy dependence on bank finance and the underdevelopment of their bond market? Barry Eichengreen addresses the questions: what benefits will flow from better bond markets and will initiatives now being taken be adequate for achieving this end.

Published by: Institute of Southeast Asian Studies

Title Page, Copyright

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pp. iii-iv

Contents

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p. v-v

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Financial Development in Asia: The Way Forward

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pp. 1-34

One of the familiar lessons of the Asian crisis is that the region needs better bond markets. In this lecture1 I ask whether this is really the appropriate lesson to draw from the crisis, what benefits ...

Notes

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pp. 34-39

References

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pp. 39-42

About the Author

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pp. 43-44


E-ISBN-13: 9789812306227
Print-ISBN-13: 9789812302717

Page Count: 44
Publication Year: 2004

Edition: 1