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Sayuri Shirai Competition Among Financial Centres in Asia (Hardback) (UK IMPORT)

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Item specifics

Condition
Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the ...
Book Title
Competition among Financial Centres in Asia-Pacific : Prospects, Benefits, Risks and Policy Challenges
Publication Name
Competition Among Financial Centres in Asia-Pacific
Title
Competition Among Financial Centres in Asia-Pacific
Subtitle
Prospects, Benefits, Risks and Policy Challenges
Author
Dosoung Choi
Contributor
Jesus Seade (Edited by)
Format
Hardcover
EAN
9789812309303
ISBN
9789812309303
Publisher
Iseas-Yusof Ishak Institute
Genre
Business & Economics, Political Science
Release Year
2009
Release Date
30/06/2009
Language
English
Country/Region of Manufacture
SG
Item Length
9in
Publication Year
2009
Item Height
1.2in
Topic
Commerce, Economic Conditions, International / General, Public Policy / Economic Policy
Item Width
6in
Item Weight
30 oz
Number of Pages
399 Pages

About this product

Product Information

Many cities in the Asia-Pacific region serve as financial centres in their respective national jurisdictions or local areas. Noting that most were engaged in efforts to become premier international financial centres (IFCs) in competition with one another, the Korea National Committee for Pacific Economic Cooperation (KOPEC) convened an international conference in Seoul, Korea in October 2007 to examine the prospects for success for seven such financial centres (Hong Kong, Seoul, Shanghai, Singapore, Sydney, Tokyo and Wellington), weigh the costs and benefits of such competition for local economies as well as the region as a whole, and derive implications for cooperation among the regional governments. The present volume consists of case studies and commentaries presented at the conference as well as the synthesis report, which draws conclusions from those papers and commentaries. One of those conclusions is that, given the power of scale economies as well as the lack of integration of the financial markets in the region, none of the regional financial centres, even Hong Kong, Singapore or Tokyo, considered alone represents a meaningful rival to London or New York, the two existing global financial centres. The synthesis report thus argues for regional cooperation to integrate all those financial centres into an Asia-Pacific IFC network. It further argues that the present global financial crisis presents a major opportunity for regional governments to create such an IFC network that will challenge London and New York in quality as well as quantity of international financial business while helping the latter two overcome the current global crisis. This would open the path towards a stable and resilient Asia-Pacific financial community, with the constituent regional economies no longer vulnerable to the problems of the so-called original sin and double mismatch.

Product Identifiers

Publisher
Iseas-Yusof Ishak Institute
ISBN-10
9812309306
ISBN-13
9789812309303
eBay Product ID (ePID)
77384191

Product Key Features

Book Title
Competition among Financial Centres in Asia-Pacific : Prospects, Benefits, Risks and Policy Challenges
Author
Dosoung Choi
Format
Hardcover
Language
English
Topic
Commerce, Economic Conditions, International / General, Public Policy / Economic Policy
Publication Year
2009
Genre
Business & Economics, Political Science
Number of Pages
399 Pages

Dimensions

Item Length
9in
Item Height
1.2in
Item Width
6in
Item Weight
30 oz

Item description from the seller

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Value Added Tax Number:
  • GB 864 1548 11
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