Future Directions For Monetary Policies In East Asia

Author : Reserve Bank of Australia. Conference (2001 : Kirribilli),Gruen David
Publisher : Unknown
Page : 205 pages
File Size : 45,7 Mb
Release : 2001
Category : East Asia
ISBN : 0642487332

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Future Directions for Monetary Policies in East Asia by Reserve Bank of Australia. Conference (2001 : Kirribilli),Gruen David Pdf

A range of prominent academic, central-bank and other policy economists participated in the 2001 conference. One paper for the conference was written by a Bank economist, Guy Debelle. The remaining four papers were written by well-known international economists: Robert McCauley from the Bank for International Settlements' Asian and Pacific Office, Hong Kong; John Williamson from the Institute for International Economics, Washington, DC; Charles Wyplosz from the Graduate Institute of International Studies, Geneva; and Andrew Coleman from the University of Michigan. Discussants included the governor of the Reserve Bank of New Zealand, economists from two other central banks, and academics from Australia, Japan and the United States.

Author : Anonim
Publisher : Unknown
Page : 205 pages
File Size : 40,9 Mb
Release : 2001
Category : East Asia
ISBN : 0642487332

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Future Directions for Monetary Policies in East Asia by Anonim Pdf

A range of prominent academic, central-bank and other policy economists participated in the 2001 conference. One paper for the conference was written by a Bank economist, Guy Debelle. The remaining four papers were written by well-known international economists: Robert McCauley from the Bank for International Settlements' Asian and Pacific Office, Hong Kong; John Williamson from the Institute for International Economics, Washington, DC; Charles Wyplosz from the Graduate Institute of International Studies, Geneva; and Andrew Coleman from the University of Michigan. Discussants included the governor of the Reserve Bank of New Zealand, economists from two other central banks, and academics from Australia, Japan and the United States.

Author : Suthiphand Chirathivat,Emil Maria Claassen,Jürgen Schroeder
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 40,7 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1845423380

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East Asia's Monetary Future by Suthiphand Chirathivat,Emil Maria Claassen,Jürgen Schroeder Pdf

Leading scholars from East Asia, Europe and the US contribute new insights to the key questions facing the organization and future of the monetary system in East Asia. Central questions discussed and analysed in the book include, amongst others: should the region move towards monetary union? Should countries peg their exchange rates to the US dollar? Is complete dollarization an option for East Asia? The authors argue that, having realized price stability over the last twenty years, in contrast to Latin America and Africa, the next logical step would be the gradual formation of various currency blocs within the region. This comprehensive discussion of the fundamental issues at stake will ensure the book's appeal to academics and researchers of Asian studies and financial economics. Financial experts working in this area and policymakers will also find much of interest to them within this book.

Author : Haruhiko Kuroda,Masahiro Kawai
Publisher : Unknown
Page : 52 pages
File Size : 54,9 Mb
Release : 2002
Category : Asian cooperation
ISBN : STANFORD:36105113014000

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Strengthening Regional Financial Cooperation in East Asia by Haruhiko Kuroda,Masahiro Kawai Pdf

"This paper argues that a regional financial architecture needs to be firmly established in East Asia, outlines recent developments in financial cooperation in the region, and provides possible directions for the future". -- p. 1.

Author : Masahiro Kawai,Peter J. Morgan,Shinji Takagi
Publisher : Edward Elgar Publishing
Page : 321 pages
File Size : 50,6 Mb
Release : 2012-01-01
Category : Business & Economics
ISBN : 9780857933355

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Monetary and Currency Policy Management in Asia by Masahiro Kawai,Peter J. Morgan,Shinji Takagi Pdf

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 : Raul V. Fabella
Publisher : Unknown
Page : 72 pages
File Size : 42,8 Mb
Release : 2002
Category : Business & Economics
ISBN : STANFORD:36105112844001

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Monetary Cooperation in East Asia by Raul V. Fabella Pdf

Surveys the growing literature on monetary cooperation in East Asia (EA) that goes beyond the Chiang Mai Initiative. It compares and contrasts the various proposals for cooperation such as the Williamson basket peg, the Asian monetary system, and the yen block as to their crisis prevention impact and their feasibility, both economic and political. Also reviews the evidence on the readiness of EA and some of its proper subsets for a currency union in the light of experiences elsewhere, especially of European monetary cooperation. Chapters: currency unions and the European Monetary Union; current exchange rate regime and monetary cooperation in EA; proposals for monetary and exchange rate cooperation in EA; and costs and benefits of a monetary union in EA.

Author : Frank Rövekamp,Moritz Bälz,Hanns Günther Hilpert
Publisher : Springer
Page : 187 pages
File Size : 55,6 Mb
Release : 2015-06-18
Category : Business & Economics
ISBN : 9783319173801

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Central Banking and Financial Stability in East Asia by Frank Rövekamp,Moritz Bälz,Hanns Günther Hilpert Pdf

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.

Author : Anonim
Publisher : Unknown
Page : 0 pages
File Size : 48,7 Mb
Release : 2006
Category : Monetary policy
ISBN : 9291977292

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Monetary Policy in Asia by Anonim Pdf

"The objective of the conference was to take stock of the current practice of monetary policy in a broad cross section of Asian economies. Papers on China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand and Vietnam were presented and discussed at the conference and subsequently revised by the authors."--Foreword.

Author : Dimitri Vittas,Yoon Je Cho
Publisher : World Bank Publications
Page : 44 pages
File Size : 50,6 Mb
Release : 1995
Category : Credit
ISBN : 8210379456XXX

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Credit Policies by Dimitri Vittas,Yoon Je Cho Pdf

Author : OECD Development Centre
Publisher : OECD Publishing
Page : 624 pages
File Size : 52,6 Mb
Release : 2005-11-17
Category : Electronic
ISBN : 9789264014435

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Development Centre Studies Policy Coherence Towards East Asia Development Challenges for OECD Countries by OECD Development Centre Pdf

This book looks at the impact of OECD country policies on East Asia in trade, investment, agriculture, finance, aid, macroeconomic policies and regional co-operation. Further, it examines the interaction of OECD country policies and their coherence with each other.

Author : Ulrich Volz
Publisher : MIT Press
Page : 339 pages
File Size : 41,9 Mb
Release : 2010
Category : East Asia
ISBN : 9780262013994

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Prospects for Monetary Cooperation and Integration in East Asia by Ulrich Volz Pdf

East Asian countries were notably uninterested in regional monetary integration until the late 1990's, when the Asian financial crisis revealed the fragility of the region's exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. In this book Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. --

Author : Shahid Yusuf
Publisher : World Bank Publications
Page : 430 pages
File Size : 47,5 Mb
Release : 2003
Category : Business & Economics
ISBN : 082135356X

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Innovative East Asia by Shahid Yusuf Pdf

The importance of East Asia in the global economy is now unquestionable, and its market expansion, driven by a population of nearly 1.9 billion, will strongly influence the tempo of international trade and growth of global incomes, However, while the region's economies have amply demonstrated their potential, their future performance is by no means ensured. This book offers an in-depth analysis of the policy trade-offs identified in the recently published Can East Asia Compete? (WB and OUP, 2002). The major contribution of the new book to that it shows how stability can be a stepping-stone to growth that is led by innovation; identifies and analyzes the ingredients of an innovative economy, and discusses how these ingredients mesh with government policy and market initiatives.

Author : Gordon De Brouwer,Yunjong Wang
Publisher : Routledge
Page : 329 pages
File Size : 42,5 Mb
Release : 2004-08-02
Category : Social Science
ISBN : 9781134351862

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Financial Governance in East Asia by Gordon De Brouwer,Yunjong Wang Pdf

The focus of international financial reform in recent years has largely been at the global level, in terms of improving the international financial architecture, and at the national level in terms of getting domestic economic and structural policies right. But there is also a growing appetite for addressing some issues at a regional level. This debate has focused on improving regional policy dialogue and surveillance processes, as well as developing regional mechanisms to provide financial support to prevent and resolve financial crises. In East Asia, for example, governments have sought deeper regional policy dialogue by the creation of ASEAN+3 forum and enhanced financial cooperation by setting up the Chiang Mai Initiative. These developments raise many questions: What is 'best-practice' regional policy dialogue? How is a regional financial architecture complementary to the global architecture? What sorts of institutions work well at a regional level? Do regions need a regional monetary fund? What is going on in East Asia and how is it different to other regions? This volume brings together a range of policy, practical and conceptual papers to explore these and other issues.

Author : Steven J Davis,Edward S Robinson,Bernard Yeung
Publisher : World Scientific
Page : 377 pages
File Size : 43,9 Mb
Release : 2021-06-03
Category : Business & Economics
ISBN : 9789811238635

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Asian Monetary Policy Forum, The: Insights For Central Banking by Steven J Davis,Edward S Robinson,Bernard Yeung Pdf

The Monetary Authority of Singapore, Asian Bureau of Finance and Economic Research, University of Chicago Booth Business School, and National University of Singapore Business School have organised the Asian Monetary Policy Forum (AMPF) annually since 2014. The Forum brings together eminent academics, policymakers and private sector economists to deliberate pressing monetary policy issues particularly relevant for Asian countries.This volume collects the inaugural speech and commissioned papers from the past Forums from 2014 to 2020. The chapters cover a range of topics that have assumed importance in the global monetary and financial system over the past twenty years. These include the efficacy of traditional monetary policy frameworks amid synchronised global financial flows, the challenges presented by the US dollar dominance, and the optimality of central banks' use of a broader set of policy instruments within an integrated policy framework. Policymakers, practitioners, students and academicians will be able to draw from this volume useful insights to understand these complex policy challenges.

Author : David Vines,Christopher L. Gilbert
Publisher : Cambridge University Press
Page : 470 pages
File Size : 53,8 Mb
Release : 2004-02-26
Category : Business & Economics
ISBN : 9781139449755

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The IMF and its Critics by David Vines,Christopher L. Gilbert Pdf

The IMF is the first economic institution in line to protect countries from the effects of financial crises and to insulate the world economy from possible systemic risk. However, many argue that the IMF is insufficiently equipped to do this job, while others argue almost the opposite: the IMF's well-intentioned actions induce other countries to take risks which increase their exposure from both universities and the multilateral agencies, combines rigourous economic analysis with insider perspectives on key policy debates. It analyses the Asian and Argentine financial crises of the late 1990s, issues of policy ownership, the more general quest for financial stability and governance of the IMF. It is an essential reference for anyone interested in the role of international financial institutions in our globalised economy.