Monetary and currency policy management in Asia
著者
書誌事項
Monetary and currency policy management in Asia
Edward Elgar, c2012
大学図書館所蔵 全25件
  青森
  岩手
  宮城
  秋田
  山形
  福島
  茨城
  栃木
  群馬
  埼玉
  千葉
  東京
  神奈川
  新潟
  富山
  石川
  福井
  山梨
  長野
  岐阜
  静岡
  愛知
  三重
  滋賀
  京都
  大阪
  兵庫
  奈良
  和歌山
  鳥取
  島根
  岡山
  広島
  山口
  徳島
  香川
  愛媛
  高知
  福岡
  佐賀
  長崎
  熊本
  大分
  宮崎
  鹿児島
  沖縄
  韓国
  中国
  タイ
  イギリス
  ドイツ
  スイス
  フランス
  ベルギー
  オランダ
  スウェーデン
  ノルウェー
  アメリカ
注記
"A joint publication of the Asian Development Bank Institute and Edward Elgar Publishing"
"The studies were originally prepared for two international conferences on the global financial crisis hosted in 2009 by the Asian Development Bank Institute (ADBI)."--Pref
Includes bibliographical references and index
内容説明・目次
内容説明
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 1997-1998, and came through the global financial crisis of 2007-2009 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 policy makers in the region as well as academics and researchers of financial and Asian economics and also economic development.
Contributors: J. Aizenman, M.D. Chinn, A. Filardo, S.-i. Fukuda, H. Genberg, H. Ito, M. Kawai, S. Kim, Y. Kon, P.J. Morgan, I. Patnaik, A. Shah, S. Takagi, D.Y. Yang, F. Zhai
A Joint Publication of the Asian Development Bank Institute and Edward Elgar Publishing
目次
Contents:
Preface
1. Monetary and Currency Policy Issues: An Overview
Shinji Takagi
PART I: MONETARY POLICY ISSUES
2. The Role and Effectiveness of Unconventional Monetary Policy
Peter J. Morgan
3. Monetary Policy Strategies in the Asia and Pacific Region: Which Way Forward?
Andrew Filardo and Hans Genberg
PART II: EXCHANGE RATE POLICY AND RESERVE MANAGEMENT ISSUES
4. International Monetary Transmission and Exchange Rate Regimes: Floaters vs Non-floaters in East Asia
Soyoung Kim and Doo Yong Yang
5. Macroeconomic Impacts of Foreign Exchange Reserve Accumulation: Theory and International Evidence
Shin-ichi Fukuda and Yoshifumi Kon
PART III: RECOMMENDATIONS RELATED TO THE 'IMPOSSIBLE TRINITY'
6. The Financial Crisis, Rethinking of the Global Financial Architecture, and the Trilemma
Joshua Aizenman, Menzie D. Chinn and Hiro Ito
7. Asia Confronts the Impossible Trinity
Ila Patnaik and Ajay Shah
PART IV: IMPACTS ON ASIA OF THE GLOBAL FINANCIAL CRISIS AND POLICY RESPONSES
8. Asia's Post-global Financial Crisis Adjustment: A Model-based Dynamic Analysis
Masahiro Kawai and Fan Zhai
PART V: REGIONAL COOPERATION ISSUES
9. A Proposal for Exchange Rate Policy Coordination in East Asia
Masahiro Kawai and Shinji Takagi
Index
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