Asian money markets / edited by David C. Cole, Hal S. Scott, Philip A. Wellons.

Includes bibliographical references and index.

1. The Asian Money Markets: An Overview / David C. Cole, Hal S. Scott and Philip A. Wellons -- 2. Money Markets in Hong Kong / Richard Yan-Ki Ho, Yu-Hon Lui and Daniel Wai-Wah Cheung -- 3. Money Markets in Indonesia / David C. Cole and Betty F. Slade -- 4. Money Markets in Korea / Moon-Soo Kang -- 5. Money Markets in Malaysia / Lin See-Yan and Chung Tin Fah -- 6. Money Markets in the Philippines / Josef T. Yap, Mario B. Lamberte, Teodoro S. Untalan and Ma. Socorro V. Zingapan -- 7. Money Markets in Singapore / M. Ariff, B. K. Kapur and A. Tyabji -- 8. Money Markets in Prewar Japan / Juro Teranishi -- 9. Money Markets in Postwar Japan / Shoichi Royama -- 10. An Econometric Analysis of Asian Money Markets / Sam Ouliaris.

Asian Money Markets traces the evolution of money markets in seven key economies of East and Southeast Asia: Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, and Singapore. It asks how government policy affected the performance of the markets over several decades. Several very different approaches emerge, with important consequences for financial sector development.

Countries pursuing market-oriented development strategies, including those in transition from socialist to market economies, need effective financial systems that include efficient money markets.

This book should dispel the view that a government can quickly develop money markets; the most complex markets described here started with new government policies more than twenty years ago, and are still evolving to meet new challenges. Asian Money Markets will be of interest to scholars of development finance, financial officials and advisers, and anyone who wants to learn from the experience of some of the most dynamic economies in the world.