The ASEAN Way

The ASEAN Way PDF

Author: Ms.Ana Corbacho

Publisher: International Monetary Fund

Published: 2018-10-02

Total Pages: 311

ISBN-13: 1513558900

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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.

Asian Perspectives on Financial Sector Reforms and Regulation

Asian Perspectives on Financial Sector Reforms and Regulation PDF

Author: Masahiro Kawai

Publisher: Brookings Institution Press

Published: 2011

Total Pages: 338

ISBN-13: 0815722109

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"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.

Economic and Social Survey of Asia and the Pacific 2000

Economic and Social Survey of Asia and the Pacific 2000 PDF

Author: United Nations Economic and Social Commission for Asia and the Pacific

Publisher: United Nations

Published: 2000-08-04

Total Pages: 266

ISBN-13: 9210598946

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This survey analyzes recent economic and social developments in the region with particular emphasis on economic and social policy issues and broad development strategies. An essential resource for every multinational corporation intending to expand their business into Asia or to invest in the region.

Market-Based Systems of Monetary Control in Developing Countries

Market-Based Systems of Monetary Control in Developing Countries PDF

Author: Mr.Chorng-Huey Wong

Publisher: International Monetary Fund

Published: 1991-04-01

Total Pages: 30

ISBN-13: 1451845871

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This paper reviews issues in the development of a market-based system of monetary control in developing countries. It focuses on the appropriate sequencing of financial reform that would facilitate the transition toward a market-based system and measures required to strengthen the effectiveness of market-based operations. The paper also assesses the effects of financial reform on the demand for money function and discusses the implications for policy formulation and implementation.

Managing Capital Flows

Managing Capital Flows PDF

Author: Masahiro Kawai

Publisher: Edward Elgar Publishing

Published: 2010-01-01

Total Pages: 465

ISBN-13: 184980687X

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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.

The Macroeconomic Theory of Exchange Rate Crises

The Macroeconomic Theory of Exchange Rate Crises PDF

Author: Giovanni Piersanti

Publisher: Oxford University Press

Published: 2012-04-26

Total Pages: 407

ISBN-13: 0199653127

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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.

Fear of Appreciation

Fear of Appreciation PDF

Author: Eduardo Levy-Yeyati

Publisher: World Bank Publications

Published: 2007

Total Pages: 39

ISBN-13:

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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.

Trauma To Triumph: Rising From The Ashes Of The Asian Financial Crisis

Trauma To Triumph: Rising From The Ashes Of The Asian Financial Crisis PDF

Author: Hoe Ee Khor

Publisher: World Scientific

Published: 2022-05-12

Total Pages: 950

ISBN-13: 9811253579

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This book takes stock of and analyzes the events during the Asian financial crisis (AFC) and subsequent developments, including the global financial crisis (GFC), that led to the development of the ASEAN+3 regional financial cooperation framework and the establishment of the ASEAN+3 Macroeconomic Research Office. The book is the first of its kind to compile comprehensive recollections of the major players during the AFC and the GFC, including country-level narratives on the causes and developments of the crises, and measures to overcome them. The book not only presents an analytical and deeper examination of country experiences during both crises, but also assesses the two crises and covers the lessons learnt from the crises, particularly with a focus on the development of regional financial cooperation. The book concludes with regional financial cooperation in retrospect, aiming to catalyze further discussions on the direction of the region's financial cooperation.