Chapters in this book

1. Frontmatter i
2. National Bureau of Economic Research v
3. Contents vii
4. Acknowledgments xi
5. Introduction 1
6. 1. Credible Liberalizations and International Capital Flows: The “Overborrowing Syndrome” 7
7. 2. Japanese and U.S. Exports and Investment as Conduits of Growth 51
8. 3. Foreign Direct Investment in China: Sources and Consequences 77
9. 4. Interdependence through Capital Flows in Pacific Asia and the Role of Japan 107
10. 5. The Structural Determinants of Invoice Currencies in Japan: The Case of Foreign Trade with East Asian Countries 147
11. 6. An Evaluation of Japanese Financial Liberalization: A Case Study of Corporate Bond Markets 167
12. 7. The Role of Macroeconomic Policy in Export-Led Growth: The Experience of Taiwan and South Korea 193
13. 8. Money and Prices in Taiwan in the 1980s 229
14. 9. Financial Liberalization: The Korean Experience 247
15. 10. The Principal Transactions Bank System in Korea and a Search for a New Bank-Business Relationship 277
16. 11. Monetary Autonomy in the Presence of Capital Flows: And Never the Twain Shall Meet, Except in East Asia? 307
17. 12. Interest Parity and Dynamic Capital Mobility: The Experience of Singapore 335
18. 13. Singapore as a Financial Center: New Developments, Challenges, and Prospects 359
19. Contributors 387
20. Author Index 391
21. Subject Index 395