Monetary and Currency Policy Management in Asia - Couverture rigide

Couverture rigide

ISBN 10 : 0857933345 ISBN 13 : 9780857933348

Editeur : Edward Elgar Publishing Ltd, 2012

Synopsis

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

A propos du livre

À propos de l'auteur

Edited by Masahiro Kawai, Project Professor, Graduate School of Public Policy, The University of Tokyo, Japan, Peter J. Morgan, Principal Consultant, PJM Consulting, Georgia, USA and Shinji Takagi, Professor, Graduate School of Economics, Osaka University, Japan

Détails de l'édition

• Éditeur: Edward Elgar Publishing Ltd
• Date d'édition: 2012
• Langue: anglais
• ISBN 10: 0857933345
• ISBN 13: 9780857933348
• Reliure: Relié
• Nombre de pages: 320
• Éditeur: Kawai Masahiro, Morgan Peter J., Takagi Shinji
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible