A decade has passed since the Asian crisis of 1997-1998 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.    Contents:   Overview:  ; The Asian Crisis After Ten Years (B  Eichengreen);  Exchange Rate Regimes and International Reserves:  ;  Still Searching for the Middle Ground?: Asian Exchange Rate Regimes, A Decade  since the 1997 98 Crisis (T Cavoli & R S Rajan); Hoarding of International  Reserves: A Comparison of the Asian and Latin American Experiences Reserves  (Y-W Cheung & H Ito); The Domestic Financial Consequences of Reserve  Accumulation: Some Evidence from Asia (C Ho & R N McCauley);  Capital  Flows, Spillovers, and Interdependence:  ; Macroeconomic Conditions and  Capital Flows in Emerging East Asian Economies (A Mandilaras & H Popper);  Measuring Spillover and Convergence Effects in the Asia-Pacific Region (A H  Hallett & C Richter); Trade Interdependence and Exchange Rate Coordination in  East Asia (W Thorbecke);  Regional Exchange Rate, Monetary and Financial  Cooperation:  ; Regional Monetary Coordination in East Asia (E Ogawa);  Monetary and Financial Cooperation Among Central Banks in East Asia and the  Pacific (H Genberg & D He); Economic and Financial Integration in East Asia:  Lessons from the European Monetary Union (D Salvatore).

Exchange Rate, Monetary And Financial Issues And Policies In Asia PDF

The list of books you might like