Publications
Conference Proceedings
Author Edited by Chul Chung, Charles E. Morrison, Mark Thoma Series 16-02 Language English Date 2016.12.30
The conference was held on Dec 14-15, 2015 co-organized by the Korea Institute for International Economic Policy (KIEP) and East-West Center (EWC) in Honolulu. Participants from China, Japan, Korea and the United States discussed the economic future of the major North Pacific countries and the importance of economic cooperation among them. Major topics in each session were (1) Trade (2) Macroeconomic Perspectives and (3) Finance. The first topic, "Trade", related to the China'a trade strategy, China's Belt-Road Initiative, Korea's Eurasia Initiative, and the Trans-Pacific Partnership Agreement (TPP). The second topic, "Macroeconomic Perspectives", aimed to tackle global or regional economic problems through the understanding of the macreconomic policies of the emerging market economies, uncertainty in the economic conditions of the United States, China's New Economic Norms, and the struggle of the East Asian International Order. The third topic, "Finance", aimed to provide an analytical perspective over currency convertibility, unconventional monetary policies, and prospect of cooperation between Belt-Road Initiative and TPP in the global economic governance. The conference concluded with the major findings and policy implications from the earlier sessions, particularily, monetary policy response in emerging economies and the importance of strengthing the North Pacific cooperation were discussed.
Contributors
Introduction and Overview
Mark Thoma
Session 1 Trade
China’s Emerging Trade Strategy: Drivers, Influence and Implications for North Pacific Economic Cooperation
Yong Wang
1. Key Drivers of Change in China’s Trade Policy
2. China’s Emerging Trade Policy
3. Why will China Embrace Higher Standard FTAs?
4. Integrate the Belt and Road Initiative and AIIB into China’s Trade Policy
5. Implications for the Global Trade Order and North Pacific Economic Cooperation
References
China’s Belt-Road Initiative and Korea’s Eurasia Initiative
Inkyo Cheong
1. Introduction on Korea’s Eurasia Initiative
2. China’s Belt-Road Initiative
3. Korea’s Nordpolitik and Recent Performance of its Eurasia Initiative
4. Conclusion and Policy Implications
The Trans-Pacific Partnership Agreement High Diplomacy and Low (Domestic) Politics
Claude Barfield
1. Broad Themes and Analytic Frameworks
2. Security/Diplomatic Rationale of Trade Policy
3. The Low Domestic Politics of Trade: Who Wins and Who Loses
4. The Political Problem Areas
5. Concluding Observations
Trade
Comments by Taeho Bark
Strengthening North Pacific Cooperation
Comments by Theresa Greaney
Session 2 Macroeconomic Perspectives
Global Economic Problems and Emerging Market Economies’ Macroeconomic Policies
Inchul Kim
1. Introduction 102
2. Global Economic Environment 103
3. Analysis of Global Economic Problems 104
4. Macroeconomic Policies for EMEs 109
5. Conclusion 113
References 114
Economic Conditions in the US and the Uncertain Prospects for Future Economic Growth
Mark Thoma
1. Introduction
2. The Current State of the US Economy
3. Forecast for GDP
4. Risks to Growth
5. Conclusion
References
China’s New Economic Norms
Yijiang Wang
1. Introduction
2. The Slowdown
3. Features of the New Economy
4. Concluding Remarks
The Asian Infrastructure Investment Bank and the Struggle for the East Asian International Order
Ming Wan
1. Introduction
2. The AIIB as an International Financial Institution
3. The AIIB and International Order
4. The AIIB and China
5. Recommendation
Macroeconomic Perspectives for Developed and Emerging Economies
Comments by Michael J. Roberts
1. Introduction
2. Emerging Economies
3. China 200
4. The United States
Macroeconomic Perspectives
Comments by Yoon Je Cho
1. Secular Stagnation
2. China’s Economic Slowdown
3. The Inclusion of RMB in the SDR Basket
Session 3 Finance
Strategies for Currency Convertibility: Korea’s Perspectives
Jang Yung Lee
1. Definition and Accepted Wisdom
2. Benefits and Costs of Convertibility
3. Strategies for Currency Convertibility
4. Countries’ Experiences of Convertibility
5. Conclusion and Policy Suggestions
References
Unconventional Monetary Policy, Spillovers, and Liftoff: Implications for Northeast Asia
Marcus Noland
1. Introduction
2. How We Got Here
3. Spillovers
4. Liftoff
5. Conclusions
References
Exploration of the Prospect of Cooperation between Belt and Road Initiative and TPP in Global Economic Governance
Xiaotong Shan
1. Development Philosophy and Cooperation Approach of Belt and Road Initiative
2. BRI’s Implications for the Global Economy
3. Comparison of Similarities and Differences between the Belt and Road Initiative and TPP
4. Cooperation between the Belt and Road Initiative and TPP for Global Economic Integration
5. Mutual Learning between the Belt and Road Initiative and TPP
6. A Preliminary Study on Cooperation between the Belt and Road Initiative and TPP
7. Conclusion
References
Finance Issues
Comments by Baybars Karacaovali
Session 4 Major Findings and Policy Implications
Monetary Policy Response in Emerging Economies and North Pacific Cooperation
Il Houng Lee
1. Introduction
2. Capital Flows and Impact on Emerging Markets
3. Not Always an Efficient Allocation of Capital Across Borders
4. Synchronization of Interest Rates
5. Unsynchronized Business Cycles
6. Overcoming the Limitations of Monetary Policy
7. Capital Flow Measures
8. Strengthening North Pacific Cooperation
Major Findings and Policy Implications
Comments by Taeho Bark
Conference Program
Program
Participants
Sales Info
Quantity/Size | 320 |
---|---|
Sale Price | $ |
대외경제정책연구원의 본 공공저작물은 "공공누리 제4유형 : 출처표시 + 상업적 금지 + 변경금지” 조건에 따라 이용할 수 있습니다. 저작권정책 참조