People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Insurance Core Principles Detailed Assessment Of Observance

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498321887
Size: 67.36 MB
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This Selected Issues paper for the People?s Republic of China?Hong Kong Special Administrative Region (SAR) reviews the residential property market and implications of an aging population. The fiscal sector impact of price fluctuations is important in Hong Kong SAR with land sales and stamp duties providing an important source of government revenue.

People S Republic Of China Hong Kong Special Administrative Region Financial Sector Assessment Program Basel Core Principles For Effective Banking Supervision Detailed Assessment Of Observance

Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
ISBN: 1498343821
Size: 69.45 MB
Format: PDF, Docs
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In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Shifting Capital

Author: Paola Subacchi
Publisher: Royal Institute for International Affairs
ISBN: 9781862032620
Size: 33.48 MB
Format: PDF
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Summary: China's financial integration will trigger fundamental changes in the global economy in the coming decades. Financial reform will eventually allow Beijing to open China's capital account fully and to make its currency fully convertible. In turn, this will help in rebalancing the global economy and eventually alter the international monetary system. This is why policy-makers around the world, and particularly those from other systemically important countries, should pay close attention to the changing financial landscape in China. This report focuses on the steps that China is taking to reform its financial services sector through the incremental development of the financial centers in the Greater China region. As clusters of activities and services that connect different operators and facilitate financial transactions among them, financial centers are where China's reform measures are seen in action and where their impact can be assessed and measured. Thus they are the report's main unit of analysis. The report takes a broad regional approach, and so includes the four financial centers in Greater China, Shanghai, Shenzhen, Hong Kong and Taipei. These are centers that, in different ways and with different competitive advantages, both rival and complement one another in serving Greater China's large regional economy, as well as helping it become more integrated in the world economy.

Asean Financial Integration

Author: Geert Almekinders
Publisher: International Monetary Fund
ISBN: 1498315283
Size: 64.20 MB
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The establishment of the ASEAN Economic Community (AEC) at end-2015 has brought into sharp focus the issue of financial and economic integration in the region. This paper takes stock of ASEAN’s financial integration and prospects. ASEAN integration could accelerate in the years ahead; it will likely be a safe, gradual process consistent with the “ASEAN way” of consensus decision-making. Properly phased and sequenced, closer financial integration has the potential to help increase real incomes and accelerate real convergence within ASEAN and narrow the region’s gap with advanced Asia. Realizing the promise of financial integration will require ASEAN countries to make long-term investments in financial infrastructure. Policymakers can draw on the experience of their more advanced peers and of other regions. Gradualism and safeguards should not be excuses for inaction or financial protectionism. Reliance on flexible policy frameworks and a strengthened and tested regional financial safety net should be part of the agenda. Closer engagement with the Fund could also help.

The Hong Kong Financial System

Author: Yan Ki Ho
Publisher: Oxford University Press, USA
ISBN: 9780195849981
Size: 71.83 MB
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This book provides a comprehensive and up-to-date description of the Hong Kong financial system, a system that has undergone immense change in recent years. Written by scholars and professionals in the finance sector, the book covers all aspects of the financial system--commercial banking and non-depository institutions, the major financial markets, monetary policy, international financial relations, and information technology.

Hong Kong S New Constitutional Order

Author: Yash Ghai
Publisher: Hong Kong University Press
ISBN: 9622094635
Size: 41.36 MB
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This is the first systematic analysis of the constitutional, legal, economic, social and political systems of Hong Kong as a special administrative region of China. It examines the Basic Law against its historical and socio-economic contexts, including its international and domestic foundations, and the loss and the resumption of sovereignty by China. The author offers a conceptualization of the Basic Law and locates it within China's constitutional, political and legal systems. The book explores the balance as well as the tensions between the autonomy of Hong Kong and the sovereignty of China, which are aggravated by the necessity to accommodate contrasting economic and political systems. It also identifies key legal and political problems that are likely to arise in implementing the Basic Law and suggests an approach to its interpretation. The Basic Law provides a fascinating example of the interaction of widely different traditions of law, politics and economy, and a novel system of autonomy. Its study is therefore of great interest to scholars of comparative law and politics. This new edition covers significant political, constitutional and legal developments since the transfer of sovereignty in July 1997.

Subsidiaries Or Branches

Author: Jonathan Fiechter
Publisher: International Monetary Fund
ISBN: 1462302122
Size: 23.86 MB
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Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Equitable And Sustainable Pensions

Author: Mr. Benedict J. Clements
Publisher: International Monetary Fund
ISBN: 1484395093
Size: 10.98 MB
Format: PDF, ePub, Docs
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Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of government expenditure. Second, population aging means that reforms would be needed just to keep pension spending from rising in the future. Third, in many economies, low or falling pension coverage will leave large segments of the population without adequate income in old age and at risk of falling into poverty. Although a number of studies have assessed the effects of pension reforms on fiscal sustainability, a systematic analysis of equity issues in pension systems—and how countries have grappled with these issues—has yet to be undertaken. This book brings together the latest research on equity issues related to pension systems and pension reforms in the post-crisis world. Some of the key issues covered include: the effect of pension systems on intergenerational equity and the impact of pension reforms on poverty, the effects of pension reform measures on fiscal sustainability and equity, and the fiscal consequences of achieving different equity goals. It also presents country case studies. The volume provides a rich menu of material to assist policymakers and academic audiences seeking to understand the latest research in this area, as well as the lessons and challenges for the design of reforms.

Trade And Employment In Asia

Author: Nina Khor
Publisher: Routledge
ISBN: 1135945543
Size: 61.17 MB
Format: PDF, Mobi
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Extending the themes of Contemporary Psychoanalytic Foundations, The Therapeutic Situation in the 21st Century is a systematic reformulation of fundamental psychoanalytic concepts, such as transference, therapeutic action, and the uses of psychotropic drugs, in the light of recent developments in postmodernism, complexity theory, and neuroscience. Leffert offers formulations of areas not previously considered in any depth by psychoanalysts, such as power relations in the analytic couple, social matrix theory, and narrative theory informed by considerations of archaeology, genealogy, complexity, memory, and recall.He alsoconsiders new areas, such as the role of uncertainty and love in thetherapeutic situation.This book is part of an ongoing effort to place psychoanalysis in the current century, and looks to outside as well as inside areas of thought to inform how we work and how we think about our work."