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International Capital Flows and Business Cycles in the Asia Pacific Region

In: A New Financial Market Structure for East Asia

Author

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  • Soyoung Kim
  • Sunghyun H. Kim
  • Yunjong Wang

Abstract

This book contends that the East Asian financial constitution lacks an appropriate infrastructure, resulting in inefficient allocation of high savings and an over-inflated short-term debt market. It goes on to point out that despite high savings, East Asia’s dependency on financial centers outside the region is also relatively high, and that there is no strong region-wide network to connect various financial centers in East Asia.

Suggested Citation

  • Soyoung Kim & Sunghyun H. Kim & Yunjong Wang, 2005. "International Capital Flows and Business Cycles in the Asia Pacific Region," Chapters, in: Yung Chul Park & Takatoshi Ito & Yunjong Wang (ed.), A New Financial Market Structure for East Asia, chapter 6, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3528_6
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    Cited by:

    1. Alain Kabundi, 2009. "Synchronisation Between South Africa And The U.S.: A Structural Dynamic Factor Analysis," South African Journal of Economics, Economic Society of South Africa, vol. 77(1), pages 1-27, March.
    2. Gerlach-Kristen, Petra, 2009. "Business cycle and inflation synchronisation in Mainland China and Hong Kong," International Review of Economics & Finance, Elsevier, vol. 18(3), pages 404-418, June.

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    Keywords

    Asian Studies; Economics and Finance;

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