Monetary and currency policy management in Asia
Author(s)
Bibliographic Information
Monetary and currency policy management in Asia
Edward Elgar, c2012
Available at 25 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
  Fukushima
  Ibaraki
  Tochigi
  Gunma
  Saitama
  Chiba
  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
  Mie
  Shiga
  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
  Yamaguchi
  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
  China
  Thailand
  United Kingdom
  Germany
  Switzerland
  France
  Belgium
  Netherlands
  Sweden
  Norway
  United States of America
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Research Institute for Economics & Business Administration (RIEB) Library , Kobe University図書
338.95-159081201200147
Note
"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
Description and Table of Contents
Description
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
Table of Contents
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
by "Nielsen BookData"