Financial and Monetary Policy Studies

Central Banking and Financial Stability in East Asia

Editors: Rövekamp, Frank, Bälz, Moritz, Hilpert, Hanns Günther (Eds.)

  • Presents an up-to-date treatment of East Asian central banking and financial stability issues
  • Offers case studies from China and Japan and compares them with the experiences from Europe
  • Targets a wide audience of academics and policy makers from various disciplines
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Hardcover $129.00
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Softcover $129.00
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  • Due: November 4, 2016
  • ISBN 978-3-319-38542-6
  • Free shipping for individuals worldwide
About this book

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.  

About the authors

Prof. Dr. Frank Rövekamp is professor for Asian Studies with a focus on Japan and director of the East Asia Institute of the Ludwigshafen University of Applied Sciences. Formerly he worked for over 15 years in industry and held senior management positions in Germany, Japan and Hong Kong. He obtained his PhD in Business Studies from the University of Cologne. His current research interests include international monetary, currency and trade policy.

Prof. Dr. Moritz Bälz, LL.M. (Harvard) is professor of Japanese Law and its Cultural Foundations at the Faculty of Law of Goethe University Frankfurt, where he currently also serves as deputy director of the Interdisciplinary Centre for East Asian Studies (IZO). Prior to assuming his current position in 2008, he for several years worked as an attorney with international law firm Freshfields Bruckhaus Deringer in New York and Frankfurt. His research focuses on Japanese business law from a comparative perspective and dispute resolution in Japan.

Dr. Hanns Günther Hilpert is Senior Associate in the Research Unit Asia at the German Institute for International and Security Affairs (“Stiftung Wissenschaft und Politik”, SWP), Berlin. Formerly he worked for the German Institute for Japanese Studies (DIJ), Tokyo and the Ifo Institute for Economic Research, Munich. He has written and published many books and articles on the Japanese economy and on Asian trade and economic integration. His current research focuses at various policy oriented economic issues of East Asia.

Table of contents (10 chapters)

  • Introduction: Financial Stability in East Asia—A Tentative Assessment

    Rövekamp, Frank (et al.)

    Pages 1-9

  • History and Legal Framework of the People’s Bank of China

    Pißler, Knut Benjamin

    Pages 11-24

  • The Independence of the Bank of Japan in the Light of Statutory Rules and Central Bank Independence Indices

    Bälz, Moritz (et al.)

    Pages 25-41

  • The Legal Framework for the European System of Central Banks

    Siekmann, Helmut

    Pages 43-86

  • Central Bank Independence in Times of High Fiscal Risk: The Case of Japan

    Waldenberger, Franz

    Pages 87-100

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-17380-1
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-17379-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: November 4, 2016
  • ISBN 978-3-319-38542-6
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Central Banking and Financial Stability in East Asia
Editors
  • Frank Rövekamp
  • Moritz Bälz
  • Hanns Günther Hilpert
Series Title
Financial and Monetary Policy Studies
Series Volume
40
Copyright
2015
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-17380-1
DOI
10.1007/978-3-319-17380-1
Hardcover ISBN
978-3-319-17379-5
Softcover ISBN
978-3-319-38542-6
Series ISSN
0921-8580
Edition Number
1
Number of Pages
XVI, 187
Number of Illustrations and Tables
14 b/w illustrations, 6 illustrations in colour
Topics