Monetary Policy in Pacific Basin Countries

Monetary Policy in Pacific Basin Countries PDF Author: Hang-Sheng Cheng
Publisher: Springer Science & Business Media
ISBN: 9400926855
Category : Business & Economics
Languages : en
Pages : 451

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Book Description
The chapters in this book are based on papers prepared for a conference organized by the Federal Reserve Bank of San Francisco, held at the bank September 23-25, 1987, to review and compare monetary policy experiences of Pacific Basin countries during the past 15 years. The theme of the conference was conceived with two purposes in mind. First, there was (and still is) a great need to enhance knowledge on the workings of economies in the Pacific Basin, which has been the fastest growing region in the world economy during the past 30 years. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of monetary policy in these economies. Second, as we in the United States and others elsewhere have learned, rapid financial market changes over the last 15 years have led to considerable adjustment in the conduct of monetary policy. A comparative study of various national experiences can yield insights into the inter actions between monetary policy and financial market changes more than is obtainable by examining indi vidual national experiences separately.

Monetary Policy in Pacific Basin Countries

Monetary Policy in Pacific Basin Countries PDF Author: Hang-Sheng Cheng
Publisher: Springer Science & Business Media
ISBN: 9400926855
Category : Business & Economics
Languages : en
Pages : 451

Get Book Here

Book Description
The chapters in this book are based on papers prepared for a conference organized by the Federal Reserve Bank of San Francisco, held at the bank September 23-25, 1987, to review and compare monetary policy experiences of Pacific Basin countries during the past 15 years. The theme of the conference was conceived with two purposes in mind. First, there was (and still is) a great need to enhance knowledge on the workings of economies in the Pacific Basin, which has been the fastest growing region in the world economy during the past 30 years. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of monetary policy in these economies. Second, as we in the United States and others elsewhere have learned, rapid financial market changes over the last 15 years have led to considerable adjustment in the conduct of monetary policy. A comparative study of various national experiences can yield insights into the inter actions between monetary policy and financial market changes more than is obtainable by examining indi vidual national experiences separately.

Globalization of Financial Markets and Implications for Pacific Basin Developing Countries

Globalization of Financial Markets and Implications for Pacific Basin Developing Countries PDF Author: Mr.David John Goldsbrough
Publisher: International Monetary Fund
ISBN: 1451978782
Category : Business & Economics
Languages : en
Pages : 28

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Book Description
This paper analyzes the consequences of the growing interdependence of world financial markets for Pacific developing countries. Section I discusses trends in financial integration in the Pacific and the underlying movements in saving and investment. Section II seeks to quantify the increased capital mobility, in terms of rate of return differentials and the degree of correlation between savings and investment rates across countries. Section III focuses on policy implications of increasing integration, including the effectiveness of macroeconomic policy instruments, the usefulness of the current account as a target of policy, and the dangers of excessive taxation of financial intermediation.

Monetary Policy, Capital Flows and Exchange Rates

Monetary Policy, Capital Flows and Exchange Rates PDF Author: William Allen
Publisher: Routledge
ISBN: 1134530145
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
Maxwell Fry was known internationally for his research into international and domestic financial issues. This book constitutes a tribute to his pioneering work in so many areas, and draws together contributions from a range of academic and policy-making colleagues who were fortunate enough to experience the depth of knowledge and insights which Max

Central Banking and Monetary Policy in the Asia-Pacific

Central Banking and Monetary Policy in the Asia-Pacific PDF Author: Akhand Akhtar Hossain
Publisher: Edward Elgar Publishing
ISBN: 1849802092
Category : Business & Economics
Languages : en
Pages : 371

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Book Description
The strength of this book is that it summarises a vast amount of the modern literature in monetary economics. . . the book provides detailed and clear descriptions of monetary models. . . This comprehensive volume is a useful compendium of the monetary economics literature of the second half of the 20th century, which has to a certain extent been over taken by events. Paul Wachtel, Asian-Pacific Economic Literature This well-researched and finely crafted book is a valuable addition to the literature on monetary policy in developing countries. It explains the concepts and tools of monetary policy in a simple manner and discusses how monetary policy works in developing Asia in a historical context within the framework of an outward-oriented development strategy. I am not aware of any other book that covers the organisational and institutional aspects of major central banks in developing Asia. Prema-chandra Athukorala, Australian National University This book elaborates the key concepts, principles and models of inflation and monetary policy and explains how they remain relevant and useful to the design and conduct of monetary policy in developing Asia. In this rapidly growing region, price stability remains important and therefore monetary policy has gained increasing importance. Even while emphasising the importance of the classical approach, the book discusses alternative frameworks and points out areas where a consensus is emerging. The review of the literature is extensive and careful. Along with developing this theme, the book reviews the structure and governance of most central banks in the Asia-Pacific and discusses how they conduct monetary policy to achieve price stability under different monetary policy frameworks. The book fills a gap in the central banking and monetary policy literature and has no close competitors. It should be useful to both students and policymakers in developing Asia. Salim Rashid, University of Illinois, US The 1997 East Asia crisis exposed many economic policy weaknesses in the Asia-Pacific region. In his latest book, Dr Hossain provides students with a refreshing up-to-date reference text on the concepts and principles of money, banking and finance in developing countries which differ in many ways to monetary institutions and practices in developed countries, which conventional monetary textbooks focus on. I thoroughly recommend it. A.P. Thirlwall, University of Kent, UK This timely book reviews the modern literature on inflation and monetary policy, and highlights contemporary issues in the design and conduct of monetary policy for price stability in developing Asia. Akhand Akhtar Hossain surveys the evolution of central banking and provides an introduction to the structure, function and governance of central banks in selected countries in the Asia-Pacific. The author also examines the major theories, models and approaches to inflation and monetary policy, and evaluates monetary policy regimes in selected countries in the Asia-Pacific in a historical context. This eloquent and comprehensible book will prove to be invaluable to undergraduate students on monetary theory and policy as well as banking and financial courses. Researchers exploring monetary policy concepts, principles and case studies will warmly welcome this book, as will policy-makers who have an interest in macroeconomics, monetary and financial policies.

Advances in Pacific Basin Business, Economics and Finance

Advances in Pacific Basin Business, Economics and Finance PDF Author: Cheng-Few Lee
Publisher: Emerald Group Publishing
ISBN: 178743463X
Category : Business & Economics
Languages : en
Pages : 223

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Book Description
Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management. It particularly emphasizes the economic, financial, and management relationships among Pacific Rim countries.

Financial Policy and Reform in Pacific Basin Countries

Financial Policy and Reform in Pacific Basin Countries PDF Author: Federal Reserve Bank of San Francisco
Publisher: Free Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 392

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Book Description


The Transition of Finance in Japan and the United States: A Comparative Perspective

The Transition of Finance in Japan and the United States: A Comparative Perspective PDF Author: Thomas F. Cargill
Publisher: Hoover Press
ISBN: 9780817987237
Category : Finance
Languages : en
Pages : 260

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Book Description


The Evolution of Central Banking and Monetary Policy in the Asia-Pacific

The Evolution of Central Banking and Monetary Policy in the Asia-Pacific PDF Author: Akhand Akhtar Hossain
Publisher: Edward Elgar Publishing
ISBN: 0857937812
Category : Business & Economics
Languages : en
Pages : 654

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Book Description
This book of case studies is a significant contribution to monetary macroeconomics in which country-specific experience and issues in inflation and monetary policy are reviewed and analysed in an historical context. In doing so, the key ideas and views

Economic Development Of Roc And The Pacific Rim In The 1990s And Beyond

Economic Development Of Roc And The Pacific Rim In The 1990s And Beyond PDF Author: Lawrence R Klein
Publisher: World Scientific
ISBN: 9814569909
Category :
Languages : en
Pages : 426

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Book Description
With the Taiwan experience as background, the major theme of this conference is to examine prospective economic development of Taiwan in the 1990s and beyond, together with discussions of the economic development of other countries in the Pacific Rim. Scholars from the United States like Lawrence R Klein (Pennsylvania), Gustav Ranis and John C H Fei (Yale), Lawrence J Lau (Stanford) and Hugh Patrick (Columbia); Chikashi Moriguchi, Mitsuo Saito, Shinichi Ichimura and Hisao Kanamori from Japan; and many others including Dr Samuel C Shieh, President of the Central Bank and Dr Shirley Kuo W Y, Chairperson of the Council for economy, contributed papers. Special guest speakers included President Lee Teng-Hui and Premier Hau Pei-Tsun.

Pacific Basin Developing Countries

Pacific Basin Developing Countries PDF Author: Marcus Noland
Publisher: Peterson Institute
ISBN: 9780881320817
Category : Business & Economics
Languages : en
Pages : 260

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Book Description
Discusses eight economies located in the Pacific Basin--Hong Kong, Singapore, Taiwan, Korea, Malaysia, Thailand, the Philippines, and Indonesia.