Exchange rate, monetary and financial issues and policies in Asia (World Scientific, 2009)
Includes bibliographical references and index
Foreword; CONTENTS; Biography; Introduction; I. Overview; II. Exchange Rate Regimes and International Reserves; III. Capital Flows, Spillovers, and Interdependence; IV. Regional Exchange Rate, Monetary and Financial Cooperation; Index
A decade has passed since the Asian crisis of 1997-1998 which decimated many of the regional economies. While the crisis itself led to severe economic and political consequences, its primary cause was an inappropriate mix of policies, as regional economies attempted to simultaneously maintain fairly rigid exchange rates (soft US dollar pegs) and monetary policy autonomy in the presence of large-scale capital outflows. The chapters in this volume focus on selected exchange rate, monetary and financial issues and policies that are of contemporary relevance and importance to Asia, including choic