Managing Elevated Risk Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective /

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...

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Detaylı Bibliyografya
Asıl Yazarlar: Azis, Iwan J. (Yazar), Shin, Hyun Song (Yazar)
Müşterek Yazar: SpringerLink (Online service)
Materyal Türü: Elektronik Ekitap
Dil:İngilizce
Baskı/Yayın Bilgisi: Singapore : Springer Singapore : Imprint: Springer, 2015.
Konular:
Online Erişim:http://dx.doi.org/10.1007/978-981-287-284-5
Etiketler: Etiketle
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İçindekiler:
  • Contents
  • Foreword
  • Chapter 1: Introduction and Overview
  • Chapter 2: The Three Phases of Global Liquidity
  • 2.1: Conceptual and Measurement Issues
  • 2.2: First Phase of Global Liquidity
  • 2.2.1: Round-trip Bank Flows to the US
  • 2.2.2: Banking Sector Flows to the Rest of the World
  • 2.2.3: Exchange Rates and Leverage
  • 2.3: Second Phase of Global Liquidity
  • 2.4: The Case of Emerging Asia
  • 2.5: Third Phase and Onward
  • 2.6: References
  • Chapter 3: Early Warning Indicators for Financial Vulnerabilities
  • 3.1: Principles for Selection of Early Warning Indicators
  • 3.2: Core and Noncore Liabilities
  • 3.3: References
  • Chapter 4: Emerging Asia’s Noncore Liabilities and Policy Effectiveness
  • 4.1: Bank-led Flows, Noncore Liabilities, and Credit Growth
  • 4.2: Reassessing Monetary Policy
  • 4.3: Appendix
  • 4.4: References
  • Chapter 5: Capital Flows and Income Distribution
  • 5.1: National Policy Remains Key
  • 5.2: How Capital Flows Affect Income Inequality
  • 5.3: Prioritization for a Multi-Objective Goal
  • 5.4: Appendix
  • 5.5: References
  • Chapter 6: Policy Implications
  • 6.1 Tailoring Policies to Vulnerabilities
  • 6.2 Macroprudential Tools
  • 6.2.1 Bank Capital-Oriented Tools
  • 6.2.1.1 Capital Requirements that Adjust Over the Cycle
  • 6.2.1.2 Forward-Looking Provisioning
  • 6.2.1.3: Leverage caps
  • 6.2.1.4: Loan-To-Value and Debt-Service-To-Income Caps
  • 6.2.1.5: Loan-to-Deposit caps
  • 6.2.1.6: Levy on Noncore Liabilities
  • 6.2.1.7: Unremunerated Reserve Requirements
  • 6.2.2: Relative Merits of URR versus Levies/Taxes
  • 6.2.3: Relationship with other Stabilization Policies
  • 6.3: Financial Integration and Institutional Design
  • 6.4: Policy Choices
  • 6.5: References.