Financial Sector Development in the Pacific Rim.

• Position: Bureau Books

Financial Sector Development in the Pacific Rim, Volume 18 in the NBER-East Asia Seminar on Economics (EASE) series, will be available this April from the University of Chicago Press. The editors, who serve as organizers of the EASE conferences, are Takatoshi Ito and Andrew K. Rose.

The reform in Asian financial sectors--especially in banking and stock markets--has been remarkable since the currency crisis of 1997-8. East Asia is now a major player in international finance, providing serious competition to the more traditional financial centers of London and New York. This book provides a rich collection of theoretical and empirical analyses of the growing capital markets in the region. It brings together authors from various East Asian and Pacific nations, and examines the institutional factors influencing financial...