The Asian Financial Cooperation and Its Role in the International Economic System

Chief Editor: Li Yang and Wang Guogang

Deputy Chief Editor: Hu Bin, Cheng Lian, Yin Zhentao 

Preface:   

    On December 8, 2011, the Chinese academy of social sciences institute of finance and the south Korean capital market research institute hosted the "Reconstruction of The International Financial System After Crisis: The Role of Asia" international academic seminar in Beijing. This book is the proceedings of the meetings of the conference. The authors are mainly the experts and scholars from China, South Korea and Japan's regulators, financial institutions and scientific research academy. They mainly discussed the following topic:" Asian financial cooperation under the new international monetary and financial systems", "Asian capital market construction and development", "the internationalization of the RMB and the Asian monetary cooperation" and " financial regulatory reform and development of east Asia". This book have a strong guiding significance on related areas of research and practitioners, also can help the general public to understand and grasp the status quo of the financial development in Asia.

Table of Contents:

Article 1: the Asian financial cooperation and the international monetary system reform
    1. The global financial system reform and the choice of Asia: we need to think more deeply
    2.. Get out of the pitfalls of "rebalancing of the global economy"
    3. The Eurozone Sovereign Debt Crisis and Its Implications to Korea
    4. Regional Financial Cooperation in Asia 
    5. The Asian Perspective on Discussions Regarding the New International Monetary System
    6. China's financial strategy: expand the choice of the future space in uncertainty

Article 2: The financial regulatory reform and financial markets in Asia
    7. Asian Financial Market Development – Next Steps
    8. Capital market construction and development after the financial crisis in Asia 
    9. Evolution of China’s Financial Supervision and Regulation: 1949-2011
   10. Our country local government debt risk problem analysis at The current and "twelfth five-year" period
    11. Private Equity Markets in Korea and China - Institutional Framework and Cooperation Issues
    12. Global bond market structure remodeling: the role of Asia 
   13. Developing Asian Bond Markets by Facilitating Cross-border Transaction of Asian Currencies
    14. Macro-prudential policy framework and the systemic risk of China's financial system
    15. Re-recognition of the core material of the global financial regulatory reform 

Article 3: the internationalization of the Renminbi and the Asian currency cooperation
    16. Internationalization of the Renminbi and Economic Exchanges between China and Korea 
    17. Confusion of the development of Hong Kong's RMB offshore market
    18. Korean Won Internationalization and Regional Cooperation
    19. Monetary Co-operations in Asia ~ Lessons from the experience of the euro and Japan
    20. Increasing Cross-Border Capital Flow over China and Changes in the Role of RMB