Lanterna Rally
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Fear of Appreciation
Author: Eduardo Levy-Yeyati
Publisher: World Bank Publications
Published: 2007
Total Pages: 39
ISBN-13:
DOWNLOAD EBOOK →Abstract: In recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this "fear of appreciation" has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.
The ASEAN Way
Author: Ms.Ana Corbacho
Publisher: International Monetary Fund
Published: 2018-10-02
Total Pages: 311
ISBN-13: 1513558900
DOWNLOAD EBOOK →The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.
Globalization of Financial Markets
Macroeconomic Surveillance for Monetary Policy Management in the SEACEN Countries
Asian Perspectives on Financial Sector Reforms and Regulation
Author: Masahiro Kawai
Publisher: Brookings Institution Press
Published: 2011
Total Pages: 338
ISBN-13: 0815722109
DOWNLOAD EBOOK →"Examines Asia's emerging markets, which survived the financial debacle of 2008-09 with only modest declines in growth; discusses activities that could dampen continuing development in these markets including inflation, surging capital inflows, asset and credit bubbles, and rapid currency appreciation; and offers strategies to promote financial stability"--Provided by publisher.
Managing Capital Flows
Author: Masahiro Kawai
Publisher: Edward Elgar Publishing
Published: 2010-01-01
Total Pages: 465
ISBN-13: 184980687X
DOWNLOAD EBOOK →Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining consistent with the goals of macroeconomic and financial sector stability. Building on this analysis, the book presents options for workable national policies and regional policy cooperation, particularly in exchange rate management. Containing chapters that bring in international experiences relevant to Asia and other emerging market economies, this insightful book will appeal to policymakers in governments and financial institutions, as well as public and private finance experts. It will also be of great interest to advanced students and academic researchers in finance.
Inflation Targeting and Financial Stability
Author: Pierre-Richard Agénor
Publisher:
Published: 2013
Total Pages: 120
ISBN-13: 9781597821711
DOWNLOAD EBOOK →The Macroeconomic Theory of Exchange Rate Crises
Author: Giovanni Piersanti
Publisher: Oxford University Press
Published: 2012-04-26
Total Pages: 407
ISBN-13: 0199653127
DOWNLOAD EBOOK →An overview of the causes and consequences of speculative attacks on domestic currency and international financial turmoil. It provides a comprehensive treatment of the existing theories of exchange rate crises and of financial market runs.
The Financial Crisis Reform and Exit Strategies
Author: OECD
Publisher: OECD Publishing
Published: 2009-09-16
Total Pages: 100
ISBN-13: 9264073035
DOWNLOAD EBOOK →The financial crisis required governments to make massive interventions in their financial systems. This book sets out priorities for reforming incentives in financial markets as well as for phasing out these emergency measures.
