Monetary and financial management in Asia in the 21st century
A selection of papers from the 25th Federation of ASEAN Economic Associations Annual Meeting, hosted by the Economic Society of Singapore on 7-8 September 2000, in Singapore. East and Southeast Asia had just emerged from the devastation of the Asian currency crisis of 1997-98. The theme of the confe...
| Други автори: | Tan, Augustine H. H. |
|---|---|
| Формат: | Електронен |
| Език: | English |
| Публикувано: |
Singapore ; River Edge, N.J. :
World Scientific Pub.,
℗♭2002.
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| Предмети: | |
| Онлайн достъп: |
http://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=514307 |
| Подобни документи: |
Print version::
Monetary and financial management in Asia in the 21st century. |
Съдържание:
- Preface; East and Southeast Asia After the Crisis; 1. Asia's Recovery: A Comparative Analysis; 1. Introduction; 1.1. Objective and motivation; 2. Response to the Crisis; 2.1. Policy options for a currency-induced crisis; 2.2. Recovery: a comparative analysis; 2.3. Why the quick recovery; 2.4. Monetary policy: seeming paradox?; 3. Policy Response and Impact on Recovery; 4. Conclusion; References; 2. After the Crisis the East Asian Dollar Standard Resurrected: An Interpretation of High-Frequency Exchange Rate Pegging; 1. The Collective Nominal Anchor.
- 2. Optimum Currency Areas Versus the Collective Nominal Anchor3. A Common Monetary Standard Versus a Common Currency; 4. Exchange Rate Targeting: Yen Versus Dollar; 5. Resurrection: The Return of High-Frequency Pegging; 6. The ""Original Sin"" Hypothesis and High-Frequency Pegging; 7. The Honeymoon in the Interest Differential: A Simple Model; 8. Lengthening the Term Structure of Finance; 9. New Rules for the Dollar-Standard Game: A Concluding Comment; References; 3. On the Periphery of the International Dollar Standard:Canada Versus Latin America Versus East Asia.
- 1. The Dollar as Facilitator of International Exchange2. Dollar Encroachment on National Monies?; 2.1. The Canadian case; 2.2. Latin America and East Asia; 3. Medium of Exchange; 4. Store of Value; 5. Unit of Account; 6. Exchange Rate Policy and Bank Regulation; 7. Lengthening the Term Structure of Finance in Emerging Markets; 8. Common Monetary Standards Among Neighboring Countries: A Concluding Note; References; 4. Intermediate Exchange Rate Regimes for East Asia; 1. Introduction; 2. Present Arrangements; 3. Conventional Wisdom; 4. A Yen-Centered System.
- 5. The Case for an Intermediate Regime6. Is There a Third Way?; 7. Managed Floating; 8. A Parallel Currency a la Mundell; 9. Concluding Reflections; References; 5. Curbing the Boom-Bust Cycle: How Can the Industrial Countries Help?; 1. Introduction; 2. Reforming Bank Lending; 3. The Bond Market; 4. Inflows of Equity Capital; 5. A Summary; References; Country Developments; 6. Can Monetary Policy/Shocks Stabilize Indonesian Macroeconomic Fluctuations?; 1. Introduction; 2. The Model; 2.1. Descriptive evidence; 2.2. Theoretical consideration; 3. Identification of Monetary Policy Shocks.
- 3.1. Tests for the small open economy the long run restrictions and the contemporaneous restrictions3.2. Estimated parameters of the SVAR model; 4. Macroeconomic Responses to Monetary and Real Exchange Rate Shocks; 4.1. Impulse response Junction (IRF) analysis; 4.2. Forecast error variance decomposition (FEVD) analysis; 5. Conclusion and Recommendation; Appendix. Description of the Data; References; 7. Inflation Targeting: New Directions for Monetary Policy in Postcrisis Korea; 1. Introduction; 2. The Korean Economy
- Recent Trends and Developments.