Asian money markets
By: edited by David C. Cole, Hal S. Scott, Philip A. Wellons.
Contributors: Cole, David Chamberlin, 1928-; Scott, Hal S.; Wellons, Philip A.
Publisher: Oxford University Press
Published: 1995
Place of publication: New York
Language: eng
Number of pages: 472
Subjects: Money market -- Asia
Description: Asian Money Markets traces the evolution of money markets in seven key economies of East and Southeast Asia: Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, and Singapore. It asks how government policy affected the performance of the markets over several decades. Several very different approaches emerge, with important consequences for financial sector development.

Countries pursuing market-oriented development strategies, including those in transition from socialist to market economies, need effective financial systems that include efficient money markets.

This book should dispel the view that a government can quickly develop money markets; the most complex markets described here started with new government policies more than twenty years ago, and are still evolving to meet new challenges. Asian Money Markets will be of interest to scholars of development finance, financial officials and advisers, and anyone who wants to learn from the experience of some of the most dynamic economies in the world.
Notes: Includes bibliographical references and index.