Description
Book SynopsisAsian 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.
Trade Review'[T]he volume is a useful read for those interested in aspects of monetary and financial issues in Asia.' --Ramkishen S. Rajan,
The Developing EconomiesTable of ContentsContents: 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
