Language:
English
Pages:
XIX, 242 S.
,
graph. Darst
Edition:
1. publ.
Edition:
Online-Ausg.
Parallel Title:
Erscheint auch als Exchange rates, currency crisis and monetary cooperation in Asia
DDC:
332.495
Keywords:
Finance
;
Accounting
;
Bookkeeping
;
Banks and banking
;
Economics
;
Management science
;
Macroeconomics
;
Asien
;
Wechselkurs
;
Währungskrise
;
Geldpolitik
Abstract:
Literaturangaben
Abstract:
The Asian crisis of 1997-98 and its aftermath quickly shifted attention to and interest in concerns about currency crises and exchange rate movements in an era of rapid global capital flows. Given the high degree of economic openness in the region and its consequent importance of trade and investment, the Asian economies are especially susceptible to shifts in global capital flows and sharp exchange rate movements. While many Asian economies have taken a number of steps individually to fortify themselves against future external shocks, they have, as a group, simultaneously initiated a slow but steady process of enhancing monetary and financial cooperation. Since the region holds the largest reserves in the world and consequently plays a significant role in the global macroeconomic imbalances, Asian monetary and financial issues have clearly taken on global importance. The collection of chapters in this volume therefore attempts to explore various aspects of monetary, exchange rate and financial issues in Asia
Description / Table of Contents:
Managing the liquidity effects of reserve stockpiling in emerging Asia / co-authored with Alice Y. Ouyang and Thomas D. WillettWhat is the impact of exchange rate changes on inflation in Asia? / co-authored with Amit Ghosh -- A closer examination of exchange rate pass-through in Korea and Thailand / co-authored with Amit Ghosh -- Are crisis-induced devaluations contractionary? If so, why? / co-authored with Shen Chung-Hua -- Financial crisis, capital outflows and monetary policy responses : simple analytics with reference to East Asia / Ramkishen S. Rajan -- Understanding currency crises and monetary policy responses in emerging economies / co-authored with Makarand Parulkar -- How best to manage new-style currency crises? / Ramkishen S. Rajan -- Can high reserves offset weak fundamentals? / co-authored with Jie Li -- Examining the case for an Asian reserve pool / co-authored with Reza Siregar and Graham Bird -- Taking stock of monetary and financial cooperation in Asia / Ramkishen S. Rajan -- Is there a role for an Asian currency unit? / co-authored with Victor Pontines.
Note:
Includes bibliographical references and index
DOI:
10.1057/9780230234192
URL:
Volltext
(lizenzpflichtig)
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