Hal S. Scott - Böcker

The countries of East and Southeast Asia have the world's most dynamic money markets. Essential to the Asian economy, their performance plays a crucial role in the successful development of other financial markets, such as those for business and consumer loans. This original study of the effect of government policy on the performance of money markets in the economies of this region (Hong Kong, Indonesia, Japan, Malaysia, the Philippines, Singapore, and South Korea) is the only comprehensive book addressing this topic available today. Individual chapters were written by experts in the field, and were guided by a common research methodology. This book will be of great value to Pacific Basin specialists, bankers, academics, and public policy planners in finance.

This book is timely since the Basel Committee on Banking Supervision at the Bank for International Settlements is in the process of making major changes in the capital rules for banks. It is important that capital adequacy regulation helps to achieve financial stability in the most efficient way. Capital adequacy rules have become a key tool to protect financial institutions. The research contained within the book covers some key issues at stake in the capital requirements for insurance and securities firms. The contributors are among the leading scholars in financial economics and law. Their contributions analyze the use of subordinated debt, internal models, and rating agencies in addition to examining the effect on capital of reinsurance, securitization, credit derivatives, and similar instruments.