Exchange Rate Systems and Policies in Asia PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Exchange Rate Systems and Policies in Asia PDF full book. Access full book title Exchange Rate Systems and Policies in Asia by Paul S. L. Yip. Download full books in PDF and EPUB format.
Author: Paul S. L. Yip
Publisher: World Scientific
ISBN: 9812834516
Category : Business & Economics
Languages : en
Pages : 197
Get Book
Book Description
This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore''s exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China''s latest exchange rate system reform.
Author: Paul S. L. Yip
Publisher: World Scientific
ISBN: 9812834516
Category : Business & Economics
Languages : en
Pages : 197
Get Book
Book Description
This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore''s exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China''s latest exchange rate system reform.
Author:
Publisher:
ISBN: 9814469971
Category :
Languages : en
Pages :
Get Book
Book Description
Author: Ramkishen S. Rajan
Publisher: World Scientific
ISBN: 9812834583
Category : Business & Economics
Languages : en
Pages : 325
Get Book
Book Description
A decade has passed since the Asian crisis of 1997OCo1998 which decimated many of the regional economies. While the crisis itself led to severe economic and political consequences, its primary cause was an inappropriate mix of policies, as regional economies attempted to simultaneously maintain fairly rigid exchange rates (soft US dollar pegs) and monetary policy autonomy in the presence of large-scale capital outflows. The chapters in this volume focus on selected exchange rate, monetary and financial issues and policies that are of contemporary relevance and importance to Asia, including choice of exchange rate regimes, causes and consequences of reserve accumulation, international capital flows, macroeconomic synchronization, and regional monetary and financial cooperation.
Author: Tony Cavoli
Publisher: Hong Kong University Press
ISBN: 9622090532
Category : Business & Economics
Languages : en
Pages : 249
Get Book
Book Description
With the rise of China, India and the re-emergence of East Asia from the financial crisis of 1997–98, monetary issues in Asia have acquired great significance as the region holds the largest reserves in the world and consequently plays a major role in the global macro-economy. In addition, there are also a great variety of monetary policy regimes at play in the region – reflecting each country's needs and policy preferences. This volume explores monetary, exchange rate and macroeconomic policies in Asia. A particular question that is analysed is Asia's experience since the crisis with the use of monetary policy to manage the resurgence in capital inflows. It also examines the theoretical and policy issues associated with international capital flows, the increasing degree of integration of financial markets and exchange rates for emerging Asian economies. The book is unique in focussing on China, India and Southeast Asia, rather than just having a sub-regional or country-specific focus. Rigorous empirical analysis is applied to important practical policy issues. The book also provides accessible overviews of recent research relevant to the questions that are explored and is written throughout in a manner that is accessible to policy makers, students and business/financial journalists.
Author: Masahiro Kawai
Publisher: Edward Elgar Publishing
ISBN: 0857933353
Category : Business & Economics
Languages : en
Pages : 321
Get Book
Book Description
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.
Author: Stefan Collignon
Publisher: Routledge
ISBN: 1134683790
Category : Business & Economics
Languages : en
Pages : 464
Get Book
Book Description
The future emergence of a European monetary zone is set to transform the configuration of the international monetary system and the roles of the dollar, the Euro and the yen within this system. This book addresses this issue with discussion of: * exchange rate policies pursued in the principal Asian countries * the measurement of equilibrium exchange rates for these countries * the maintenance of the dollar peg by Asian currencies * the absence of a trend to monetary regionalism based on the yen * the outlook of regional monetary co-operation * the outlook of regional monetary co-operation Case studies pay particular attention to Korea, Taiwan, Singapore and Thailand.
Author: Masahiro Kawai
Publisher: World Bank Publications
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 52
Get Book
Book Description
A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.
Author:
Publisher:
ISBN: 9814469955
Category :
Languages : en
Pages :
Get Book
Book Description
Author: Pradumna B. Rana
Publisher: Institute of Southeast Asian Studies
ISBN: 9971902362
Category : ASEAN
Languages : en
Pages : 129
Get Book
Book Description
This book examines the experience of the ASEAN countries in the post-Bretton Woods era - the period of generalized currency float. It outlines the major developments in the exchange rate policies of the ASEAN countries in the 1970s and analyses the movements of the effective exchange rates (both in terms of the trend and short-run variability) and their sources. The study shows that the increased exchange rate risk (variaibility) experienced by the ASEAN countries during the generalized floating period has had an anti-trade bias - reduced volume of imports. On the export side, simulations of world trade models for various commodities are carried out, and these indicate that multilateral changes in real exchange rates in the present international monetary system had adversely affected the major primary exports of the ASEAN countries. In the final chapter, the policy implications of the major findings are discussed.
Author: Duck-Koo Chung
Publisher: Rowman & Littlefield
ISBN: 0815714181
Category : Business & Economics
Languages : en
Pages : 176
Get Book
Book Description
East Asian exchange rates have become a global flashpoint. U.S. policymakers blame artificially low Asian currency values for global imbalances, including America's ballooning current account deficit. The solution, they argue, lies in some combination of greater exchange rate flexibility and the appreciation of Asian currencies against the dollar. Asian officials recognize the need to let their exchange rates rise, but they fear that would hamper growth and cut sharply into the value of their dollar reserves. Toward an East Asian Exchange Rate Regime offers a timely and comprehensive analysis of the resulting debates, drawing on expertise from China, Japan, South Korea, and the United States. The introduction reviews the issues at stake, sketches a variety of proposed exchange rate regimes, and discusses comparisons between East Asia and the West. Subsequent chapters examine the connection between global financial imbalances and East Asian monetary cooperation, China's potential role in regional coordination, the relationship between monetary and trade integration, and different paths toward regional cooperation. Authoritative yet concise, this is an essential primer on East Asian monetary integration. Contributors include Gongpil Choi (Korean Institute of Finance, Federal Reserve Bank of San Francisco), Masahiro Kawai (University of Tokyo, Asian Development Bank), Kwanho Shin (Korea University), Yunjong Wang (SK Institute), Masaru Yoshitomi (RIETI,Tokyo), and Yongding Yu (Chinese Academy of Social Sciences).
