Exchange rate systems and policies in Asia /:
This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deal...
Gespeichert in:
| Weitere Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Singapore :
World Scientific,
©2008.
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon. |
| Beschreibung: | 1 online resource (xxi, 174 pages) : illustrations |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 9789812834515 9812834516 128244073X 9781282440739 |
Internformat
MARC
| LEADER | 00000cam a2200000 a 4500 | ||
|---|---|---|---|
| 001 | ZDB-4-EBA-ocn556254527 | ||
| 003 | OCoLC | ||
| 005 | 20241004212047.0 | ||
| 006 | m o d | ||
| 007 | cr cnu---unuuu | ||
| 008 | 100316s2008 si a ob 000 0 eng d | ||
| 040 | |a N$T |b eng |e pn |c N$T |d EBLCP |d IDEBK |d E7B |d OCLCQ |d DKU |d OCLCQ |d M6U |d OCLCQ |d OCLCF |d DEBSZ |d OCLCQ |d NLGGC |d OCLCQ |d OCLCO |d MERUC |d YDXCP |d OCLCQ |d AZK |d AGLDB |d MOR |d PIFAG |d ZCU |d OCLCQ |d JBG |d OCLCQ |d U3W |d STF |d VNS |d WRM |d OCLCQ |d VTS |d NRAMU |d ICG |d VT2 |d AU@ |d OCLCQ |d WYU |d DKC |d OCLCQ |d M8D |d UKAHL |d OCLCQ |d LEAUB |d UKCRE |d OCLCO |d OCLCQ |d OCLCO |d OCLCL |d SXB |d OCLCQ |d OCLCO | ||
| 019 | |a 536316773 |a 647851071 |a 696629367 |a 748210037 |a 764530966 |a 816359813 |a 961532607 |a 962600060 |a 988427749 |a 992077282 |a 1037904428 |a 1038701470 |a 1045587492 |a 1055320108 |a 1058087207 |a 1063984685 |a 1081283818 |a 1086409829 |a 1153531362 | ||
| 020 | |a 9789812834515 |q (electronic bk.) | ||
| 020 | |a 9812834516 |q (electronic bk.) | ||
| 020 | |a 128244073X | ||
| 020 | |a 9781282440739 | ||
| 020 | |z 9789812834508 | ||
| 020 | |z 9812834508 | ||
| 035 | |a (OCoLC)556254527 |z (OCoLC)536316773 |z (OCoLC)647851071 |z (OCoLC)696629367 |z (OCoLC)748210037 |z (OCoLC)764530966 |z (OCoLC)816359813 |z (OCoLC)961532607 |z (OCoLC)962600060 |z (OCoLC)988427749 |z (OCoLC)992077282 |z (OCoLC)1037904428 |z (OCoLC)1038701470 |z (OCoLC)1045587492 |z (OCoLC)1055320108 |z (OCoLC)1058087207 |z (OCoLC)1063984685 |z (OCoLC)1081283818 |z (OCoLC)1086409829 |z (OCoLC)1153531362 | ||
| 043 | |a a------ | ||
| 050 | 4 | |a HG3968 |b .E96 2008eb | |
| 072 | 7 | |a BUS |x 028000 |2 bisacsh | |
| 072 | 7 | |a KCBM |2 bicssc | |
| 082 | 7 | |a 332.4/56095 |2 22 | |
| 049 | |a MAIN | ||
| 245 | 0 | 0 | |a Exchange rate systems and policies in Asia / |c editor, Paul S.L. Yip. |
| 260 | |a Singapore : |b World Scientific, |c ©2008. | ||
| 300 | |a 1 online resource (xxi, 174 pages) : |b illustrations | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 504 | |a Includes bibliographical references. | ||
| 520 | |a This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon. | ||
| 588 | 0 | |a Print version record. | |
| 505 | 0 | |a Cover -- CONTENTS -- Introduction: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia Paul S.L. Yip -- 1. Introduction -- 2. Lessons on the Choice of Exchange Rate Systems -- 2.1. The risks and costs of a fixed exchange rate system -- 2.2. Major misalignments could also happen in a floating regime -- 2.3. The real choice of exchange rate system for most economies -- 3. Capital Control and Speculative Attacks -- 4. Undervaluation of Yen: A Threat to Global Financial Stability? -- 4.1. Currency mismatch, low interest rate, carry trade and run of yen -- 4.2. Japan is caught -- 4.3. A potential threat to global financial stability? -- 5. Remarks: Other Major Lessons -- 5.1. Control of asset inflation -- 5.2. Exit strategy from a fixed exchange rate system -- 5.3. China8217;s experience of banking reform -- 5.4. US bashing could be misleading -- 5.5. Variable wage component -- References -- The InternationalMonetary Fund and Exchange Rate Crisis Management Chong-Yah Lim -- 1. Post-Crisis Per Capita Income -- 2. China and Capital Control -- 3. East Asia and Capital Control -- 4. IMF and New Exchange Crises -- 5. Future Exchange Crises -- 6. Asian IMF Proposal -- 7. Another Southeast Asian Crisis -- Acknowledgments -- References -- The Case for an Intermediate Exchange Rate Regime John Williamson -- 1. A Taxonomy of the Options -- 2. Fixed Rates -- 3. Freely Floating Rates -- 4. The Adjustable Peg -- 5. The BBC Regime -- 6. Managed Floating -- 7. The Bipolarity Thesis -- 8. Choices -- 9. Concluding Remarks -- Acknowledgments -- References -- Japan8217;s Deflationary Hangover:Wage Stagnation and the Syndrome of the Ever-Weaker Yen Ronald McKinnon -- 1. Introduction -- 2. The Historical Origins of Japan8217;s Deflationary Trap -- 3. Wage Growth and the Exchange Rate -- 4. Parsing the Yen8217;s Real Depreciation -- 5. Intra-European Differences in Wage and Productivity Growth: An Aside -- 6. Interest Rates and Japan8217;s Currency Mismatch -- 7. The Liquidity Trap and Portfolio Instability -- 8. The Yen Carry Trade -- 9. Fragile Export-Led Recovery: 20032007 -- 10. Stabilizing the Yen: A Concluding Note -- Acknowledgments -- References -- Managing Flexibility: Japanese Exchange Rate Policy, 19712007 Shinji Takagi -- 1. Introduction -- 2. Learning to Float: The Early to Late 1970s -- 2.1. From Bretton Woods to Smithsonian -- 2.2. Foreign exchange market intervention -- 2.3. Use of capital controls7 -- 3. Liberalizing the Capital Account: The Late 1970s to the Mid-1980s -- 3.1. Liberalization and the revised foreign exchange law -- 3.2. Further liberalization and its reversal -- 3.3. Liberalization under Japan-US agreement -- 4. From Plaza to Louvre and Beyond: 1985 Through the Early 1990s -- 4.1. From Plaza to Louvre -- 4.2. Policy coordination under the Louvre Accord -- 4.3. Additional policy measures during the Plaza-Louvre period -- 5. The Lost Decade and Fragile Recovery: From the Mid-1990s Through 2004 -- 5.1. The macroeconomic environment -- 5.2. The big bang and its impact on the yen -- 5.3. Intervention as a tool of macroeconomic policy -- 6. Characterizing Japan8217;s Exchange Rate Policy -- 7. Conclusion -- Acknowledgments -- References -- China8217;s Exchange Rate System Reform Paul S.L. Yip -- 1. Introduction -- 2. Debate Before the Re. | |
| 650 | 0 | |a Foreign exchange rates |z Asia. | |
| 650 | 0 | |a Currency boards |z Asia. | |
| 650 | 0 | |a Monetary policy |z Asia. | |
| 650 | 6 | |a Taux de change |z Asie. | |
| 650 | 6 | |a Currency boards |z Asie. | |
| 650 | 6 | |a Politique monétaire |z Asie. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Foreign Exchange. |2 bisacsh | |
| 650 | 7 | |a Currency boards |2 fast | |
| 650 | 7 | |a Foreign exchange rates |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 651 | 7 | |a Asia |2 fast |1 https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd | |
| 700 | 1 | |a Yip, Paul Sau-Leung. |1 https://id.oclc.org/worldcat/entity/E39PCjxvBtbrDqtXx3RPVBCt4y |0 http://id.loc.gov/authorities/names/n2005208820 | |
| 730 | 0 | |a Singapore economic review. |n v.52, no. 3. | |
| 758 | |i has work: |a Exchange rate systems and policies in Asia (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGcq6FdpBg6vpPhW4mX3DC |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |t Exchange rate systems and policies in Asia. |d Singapore : World Scientific, ©2008 |z 9789812834508 |w (DLC) 2009323046 |w (OCoLC)234427280 |
| 856 | 4 | 0 | |l FWS01 |p ZDB-4-EBA |q FWS_PDA_EBA |u https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=305222 |3 Volltext |
| 938 | |a Askews and Holts Library Services |b ASKH |n AH24686099 | ||
| 938 | |a EBL - Ebook Library |b EBLB |n EBL477280 | ||
| 938 | |a EBSCOhost |b EBSC |n 305222 | ||
| 938 | |a YBP Library Services |b YANK |n 3161658 | ||
| 994 | |a 92 |b GEBAY | ||
| 912 | |a ZDB-4-EBA | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-4-EBA-ocn556254527 |
|---|---|
| _version_ | 1816881705779200000 |
| adam_text | |
| any_adam_object | |
| author2 | Yip, Paul Sau-Leung |
| author2_role | |
| author2_variant | p s l y psl psly |
| author_GND | http://id.loc.gov/authorities/names/n2005208820 |
| author_facet | Yip, Paul Sau-Leung |
| author_sort | Yip, Paul Sau-Leung |
| building | Verbundindex |
| bvnumber | localFWS |
| callnumber-first | H - Social Science |
| callnumber-label | HG3968 |
| callnumber-raw | HG3968 .E96 2008eb |
| callnumber-search | HG3968 .E96 2008eb |
| callnumber-sort | HG 43968 E96 42008EB |
| callnumber-subject | HG - Finance |
| collection | ZDB-4-EBA |
| contents | Cover -- CONTENTS -- Introduction: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia Paul S.L. Yip -- 1. Introduction -- 2. Lessons on the Choice of Exchange Rate Systems -- 2.1. The risks and costs of a fixed exchange rate system -- 2.2. Major misalignments could also happen in a floating regime -- 2.3. The real choice of exchange rate system for most economies -- 3. Capital Control and Speculative Attacks -- 4. Undervaluation of Yen: A Threat to Global Financial Stability? -- 4.1. Currency mismatch, low interest rate, carry trade and run of yen -- 4.2. Japan is caught -- 4.3. A potential threat to global financial stability? -- 5. Remarks: Other Major Lessons -- 5.1. Control of asset inflation -- 5.2. Exit strategy from a fixed exchange rate system -- 5.3. China8217;s experience of banking reform -- 5.4. US bashing could be misleading -- 5.5. Variable wage component -- References -- The InternationalMonetary Fund and Exchange Rate Crisis Management Chong-Yah Lim -- 1. Post-Crisis Per Capita Income -- 2. China and Capital Control -- 3. East Asia and Capital Control -- 4. IMF and New Exchange Crises -- 5. Future Exchange Crises -- 6. Asian IMF Proposal -- 7. Another Southeast Asian Crisis -- Acknowledgments -- References -- The Case for an Intermediate Exchange Rate Regime John Williamson -- 1. A Taxonomy of the Options -- 2. Fixed Rates -- 3. Freely Floating Rates -- 4. The Adjustable Peg -- 5. The BBC Regime -- 6. Managed Floating -- 7. The Bipolarity Thesis -- 8. Choices -- 9. Concluding Remarks -- Acknowledgments -- References -- Japan8217;s Deflationary Hangover:Wage Stagnation and the Syndrome of the Ever-Weaker Yen Ronald McKinnon -- 1. Introduction -- 2. The Historical Origins of Japan8217;s Deflationary Trap -- 3. Wage Growth and the Exchange Rate -- 4. Parsing the Yen8217;s Real Depreciation -- 5. Intra-European Differences in Wage and Productivity Growth: An Aside -- 6. Interest Rates and Japan8217;s Currency Mismatch -- 7. The Liquidity Trap and Portfolio Instability -- 8. The Yen Carry Trade -- 9. Fragile Export-Led Recovery: 20032007 -- 10. Stabilizing the Yen: A Concluding Note -- Acknowledgments -- References -- Managing Flexibility: Japanese Exchange Rate Policy, 19712007 Shinji Takagi -- 1. Introduction -- 2. Learning to Float: The Early to Late 1970s -- 2.1. From Bretton Woods to Smithsonian -- 2.2. Foreign exchange market intervention -- 2.3. Use of capital controls7 -- 3. Liberalizing the Capital Account: The Late 1970s to the Mid-1980s -- 3.1. Liberalization and the revised foreign exchange law -- 3.2. Further liberalization and its reversal -- 3.3. Liberalization under Japan-US agreement -- 4. From Plaza to Louvre and Beyond: 1985 Through the Early 1990s -- 4.1. From Plaza to Louvre -- 4.2. Policy coordination under the Louvre Accord -- 4.3. Additional policy measures during the Plaza-Louvre period -- 5. The Lost Decade and Fragile Recovery: From the Mid-1990s Through 2004 -- 5.1. The macroeconomic environment -- 5.2. The big bang and its impact on the yen -- 5.3. Intervention as a tool of macroeconomic policy -- 6. Characterizing Japan8217;s Exchange Rate Policy -- 7. Conclusion -- Acknowledgments -- References -- China8217;s Exchange Rate System Reform Paul S.L. Yip -- 1. Introduction -- 2. Debate Before the Re. |
| ctrlnum | (OCoLC)556254527 |
| dewey-full | 332.4/56095 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/56095 |
| dewey-search | 332.4/56095 |
| dewey-sort | 3332.4 556095 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>07371cam a2200649 a 4500</leader><controlfield tag="001">ZDB-4-EBA-ocn556254527</controlfield><controlfield tag="003">OCoLC</controlfield><controlfield tag="005">20241004212047.0</controlfield><controlfield tag="006">m o d </controlfield><controlfield tag="007">cr cnu---unuuu</controlfield><controlfield tag="008">100316s2008 si a ob 000 0 eng d</controlfield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">N$T</subfield><subfield code="b">eng</subfield><subfield code="e">pn</subfield><subfield code="c">N$T</subfield><subfield code="d">EBLCP</subfield><subfield code="d">IDEBK</subfield><subfield code="d">E7B</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">DKU</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">M6U</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCF</subfield><subfield code="d">DEBSZ</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">NLGGC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">MERUC</subfield><subfield code="d">YDXCP</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">AZK</subfield><subfield code="d">AGLDB</subfield><subfield code="d">MOR</subfield><subfield code="d">PIFAG</subfield><subfield code="d">ZCU</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">JBG</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">U3W</subfield><subfield code="d">STF</subfield><subfield code="d">VNS</subfield><subfield code="d">WRM</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">VTS</subfield><subfield code="d">NRAMU</subfield><subfield code="d">ICG</subfield><subfield code="d">VT2</subfield><subfield code="d">AU@</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">WYU</subfield><subfield code="d">DKC</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">M8D</subfield><subfield code="d">UKAHL</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">LEAUB</subfield><subfield code="d">UKCRE</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield><subfield code="d">OCLCL</subfield><subfield code="d">SXB</subfield><subfield code="d">OCLCQ</subfield><subfield code="d">OCLCO</subfield></datafield><datafield tag="019" ind1=" " ind2=" "><subfield code="a">536316773</subfield><subfield code="a">647851071</subfield><subfield code="a">696629367</subfield><subfield code="a">748210037</subfield><subfield code="a">764530966</subfield><subfield code="a">816359813</subfield><subfield code="a">961532607</subfield><subfield code="a">962600060</subfield><subfield code="a">988427749</subfield><subfield code="a">992077282</subfield><subfield code="a">1037904428</subfield><subfield code="a">1038701470</subfield><subfield code="a">1045587492</subfield><subfield code="a">1055320108</subfield><subfield code="a">1058087207</subfield><subfield code="a">1063984685</subfield><subfield code="a">1081283818</subfield><subfield code="a">1086409829</subfield><subfield code="a">1153531362</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9789812834515</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9812834516</subfield><subfield code="q">(electronic bk.)</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">128244073X</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781282440739</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9789812834508</subfield></datafield><datafield tag="020" ind1=" " ind2=" "><subfield code="z">9812834508</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)556254527</subfield><subfield code="z">(OCoLC)536316773</subfield><subfield code="z">(OCoLC)647851071</subfield><subfield code="z">(OCoLC)696629367</subfield><subfield code="z">(OCoLC)748210037</subfield><subfield code="z">(OCoLC)764530966</subfield><subfield code="z">(OCoLC)816359813</subfield><subfield code="z">(OCoLC)961532607</subfield><subfield code="z">(OCoLC)962600060</subfield><subfield code="z">(OCoLC)988427749</subfield><subfield code="z">(OCoLC)992077282</subfield><subfield code="z">(OCoLC)1037904428</subfield><subfield code="z">(OCoLC)1038701470</subfield><subfield code="z">(OCoLC)1045587492</subfield><subfield code="z">(OCoLC)1055320108</subfield><subfield code="z">(OCoLC)1058087207</subfield><subfield code="z">(OCoLC)1063984685</subfield><subfield code="z">(OCoLC)1081283818</subfield><subfield code="z">(OCoLC)1086409829</subfield><subfield code="z">(OCoLC)1153531362</subfield></datafield><datafield tag="043" ind1=" " ind2=" "><subfield code="a">a------</subfield></datafield><datafield tag="050" ind1=" " ind2="4"><subfield code="a">HG3968</subfield><subfield code="b">.E96 2008eb</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">BUS</subfield><subfield code="x">028000</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="072" ind1=" " ind2="7"><subfield code="a">KCBM</subfield><subfield code="2">bicssc</subfield></datafield><datafield tag="082" ind1="7" ind2=" "><subfield code="a">332.4/56095</subfield><subfield code="2">22</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">MAIN</subfield></datafield><datafield tag="245" ind1="0" ind2="0"><subfield code="a">Exchange rate systems and policies in Asia /</subfield><subfield code="c">editor, Paul S.L. Yip.</subfield></datafield><datafield tag="260" ind1=" " ind2=" "><subfield code="a">Singapore :</subfield><subfield code="b">World Scientific,</subfield><subfield code="c">©2008.</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 online resource (xxi, 174 pages) :</subfield><subfield code="b">illustrations</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">computer</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">online resource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="504" ind1=" " ind2=" "><subfield code="a">Includes bibliographical references.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon.</subfield></datafield><datafield tag="588" ind1="0" ind2=" "><subfield code="a">Print version record.</subfield></datafield><datafield tag="505" ind1="0" ind2=" "><subfield code="a">Cover -- CONTENTS -- Introduction: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia Paul S.L. Yip -- 1. Introduction -- 2. Lessons on the Choice of Exchange Rate Systems -- 2.1. The risks and costs of a fixed exchange rate system -- 2.2. Major misalignments could also happen in a floating regime -- 2.3. The real choice of exchange rate system for most economies -- 3. Capital Control and Speculative Attacks -- 4. Undervaluation of Yen: A Threat to Global Financial Stability? -- 4.1. Currency mismatch, low interest rate, carry trade and run of yen -- 4.2. Japan is caught -- 4.3. A potential threat to global financial stability? -- 5. Remarks: Other Major Lessons -- 5.1. Control of asset inflation -- 5.2. Exit strategy from a fixed exchange rate system -- 5.3. China8217;s experience of banking reform -- 5.4. US bashing could be misleading -- 5.5. Variable wage component -- References -- The InternationalMonetary Fund and Exchange Rate Crisis Management Chong-Yah Lim -- 1. Post-Crisis Per Capita Income -- 2. China and Capital Control -- 3. East Asia and Capital Control -- 4. IMF and New Exchange Crises -- 5. Future Exchange Crises -- 6. Asian IMF Proposal -- 7. Another Southeast Asian Crisis -- Acknowledgments -- References -- The Case for an Intermediate Exchange Rate Regime John Williamson -- 1. A Taxonomy of the Options -- 2. Fixed Rates -- 3. Freely Floating Rates -- 4. The Adjustable Peg -- 5. The BBC Regime -- 6. Managed Floating -- 7. The Bipolarity Thesis -- 8. Choices -- 9. Concluding Remarks -- Acknowledgments -- References -- Japan8217;s Deflationary Hangover:Wage Stagnation and the Syndrome of the Ever-Weaker Yen Ronald McKinnon -- 1. Introduction -- 2. The Historical Origins of Japan8217;s Deflationary Trap -- 3. Wage Growth and the Exchange Rate -- 4. Parsing the Yen8217;s Real Depreciation -- 5. Intra-European Differences in Wage and Productivity Growth: An Aside -- 6. Interest Rates and Japan8217;s Currency Mismatch -- 7. The Liquidity Trap and Portfolio Instability -- 8. The Yen Carry Trade -- 9. Fragile Export-Led Recovery: 20032007 -- 10. Stabilizing the Yen: A Concluding Note -- Acknowledgments -- References -- Managing Flexibility: Japanese Exchange Rate Policy, 19712007 Shinji Takagi -- 1. Introduction -- 2. Learning to Float: The Early to Late 1970s -- 2.1. From Bretton Woods to Smithsonian -- 2.2. Foreign exchange market intervention -- 2.3. Use of capital controls7 -- 3. Liberalizing the Capital Account: The Late 1970s to the Mid-1980s -- 3.1. Liberalization and the revised foreign exchange law -- 3.2. Further liberalization and its reversal -- 3.3. Liberalization under Japan-US agreement -- 4. From Plaza to Louvre and Beyond: 1985 Through the Early 1990s -- 4.1. From Plaza to Louvre -- 4.2. Policy coordination under the Louvre Accord -- 4.3. Additional policy measures during the Plaza-Louvre period -- 5. The Lost Decade and Fragile Recovery: From the Mid-1990s Through 2004 -- 5.1. The macroeconomic environment -- 5.2. The big bang and its impact on the yen -- 5.3. Intervention as a tool of macroeconomic policy -- 6. Characterizing Japan8217;s Exchange Rate Policy -- 7. Conclusion -- Acknowledgments -- References -- China8217;s Exchange Rate System Reform Paul S.L. Yip -- 1. Introduction -- 2. Debate Before the Re.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Foreign exchange rates</subfield><subfield code="z">Asia.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Currency boards</subfield><subfield code="z">Asia.</subfield></datafield><datafield tag="650" ind1=" " ind2="0"><subfield code="a">Monetary policy</subfield><subfield code="z">Asia.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Taux de change</subfield><subfield code="z">Asie.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Currency boards</subfield><subfield code="z">Asie.</subfield></datafield><datafield tag="650" ind1=" " ind2="6"><subfield code="a">Politique monétaire</subfield><subfield code="z">Asie.</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">BUSINESS & ECONOMICS</subfield><subfield code="x">Foreign Exchange.</subfield><subfield code="2">bisacsh</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Currency boards</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Foreign exchange rates</subfield><subfield code="2">fast</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Monetary policy</subfield><subfield code="2">fast</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Asia</subfield><subfield code="2">fast</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Yip, Paul Sau-Leung.</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCjxvBtbrDqtXx3RPVBCt4y</subfield><subfield code="0">http://id.loc.gov/authorities/names/n2005208820</subfield></datafield><datafield tag="730" ind1="0" ind2=" "><subfield code="a">Singapore economic review.</subfield><subfield code="n">v.52, no. 3.</subfield></datafield><datafield tag="758" ind1=" " ind2=" "><subfield code="i">has work:</subfield><subfield code="a">Exchange rate systems and policies in Asia (Text)</subfield><subfield code="1">https://id.oclc.org/worldcat/entity/E39PCGcq6FdpBg6vpPhW4mX3DC</subfield><subfield code="4">https://id.oclc.org/worldcat/ontology/hasWork</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Print version:</subfield><subfield code="t">Exchange rate systems and policies in Asia.</subfield><subfield code="d">Singapore : World Scientific, ©2008</subfield><subfield code="z">9789812834508</subfield><subfield code="w">(DLC) 2009323046</subfield><subfield code="w">(OCoLC)234427280</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-4-EBA</subfield><subfield code="q">FWS_PDA_EBA</subfield><subfield code="u">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=305222</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">Askews and Holts Library Services</subfield><subfield code="b">ASKH</subfield><subfield code="n">AH24686099</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBL - Ebook Library</subfield><subfield code="b">EBLB</subfield><subfield code="n">EBL477280</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">EBSCOhost</subfield><subfield code="b">EBSC</subfield><subfield code="n">305222</subfield></datafield><datafield tag="938" ind1=" " ind2=" "><subfield code="a">YBP Library Services</subfield><subfield code="b">YANK</subfield><subfield code="n">3161658</subfield></datafield><datafield tag="994" ind1=" " ind2=" "><subfield code="a">92</subfield><subfield code="b">GEBAY</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-4-EBA</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| geographic | Asia fast https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd |
| geographic_facet | Asia |
| id | ZDB-4-EBA-ocn556254527 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:16:58Z |
| institution | BVB |
| isbn | 9789812834515 9812834516 128244073X 9781282440739 |
| language | English |
| oclc_num | 556254527 |
| open_access_boolean | |
| owner | MAIN DE-863 DE-BY-FWS |
| owner_facet | MAIN DE-863 DE-BY-FWS |
| physical | 1 online resource (xxi, 174 pages) : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | World Scientific, |
| record_format | marc |
| spelling | Exchange rate systems and policies in Asia / editor, Paul S.L. Yip. Singapore : World Scientific, ©2008. 1 online resource (xxi, 174 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Includes bibliographical references. This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon. Print version record. Cover -- CONTENTS -- Introduction: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia Paul S.L. Yip -- 1. Introduction -- 2. Lessons on the Choice of Exchange Rate Systems -- 2.1. The risks and costs of a fixed exchange rate system -- 2.2. Major misalignments could also happen in a floating regime -- 2.3. The real choice of exchange rate system for most economies -- 3. Capital Control and Speculative Attacks -- 4. Undervaluation of Yen: A Threat to Global Financial Stability? -- 4.1. Currency mismatch, low interest rate, carry trade and run of yen -- 4.2. Japan is caught -- 4.3. A potential threat to global financial stability? -- 5. Remarks: Other Major Lessons -- 5.1. Control of asset inflation -- 5.2. Exit strategy from a fixed exchange rate system -- 5.3. China8217;s experience of banking reform -- 5.4. US bashing could be misleading -- 5.5. Variable wage component -- References -- The InternationalMonetary Fund and Exchange Rate Crisis Management Chong-Yah Lim -- 1. Post-Crisis Per Capita Income -- 2. China and Capital Control -- 3. East Asia and Capital Control -- 4. IMF and New Exchange Crises -- 5. Future Exchange Crises -- 6. Asian IMF Proposal -- 7. Another Southeast Asian Crisis -- Acknowledgments -- References -- The Case for an Intermediate Exchange Rate Regime John Williamson -- 1. A Taxonomy of the Options -- 2. Fixed Rates -- 3. Freely Floating Rates -- 4. The Adjustable Peg -- 5. The BBC Regime -- 6. Managed Floating -- 7. The Bipolarity Thesis -- 8. Choices -- 9. Concluding Remarks -- Acknowledgments -- References -- Japan8217;s Deflationary Hangover:Wage Stagnation and the Syndrome of the Ever-Weaker Yen Ronald McKinnon -- 1. Introduction -- 2. The Historical Origins of Japan8217;s Deflationary Trap -- 3. Wage Growth and the Exchange Rate -- 4. Parsing the Yen8217;s Real Depreciation -- 5. Intra-European Differences in Wage and Productivity Growth: An Aside -- 6. Interest Rates and Japan8217;s Currency Mismatch -- 7. The Liquidity Trap and Portfolio Instability -- 8. The Yen Carry Trade -- 9. Fragile Export-Led Recovery: 20032007 -- 10. Stabilizing the Yen: A Concluding Note -- Acknowledgments -- References -- Managing Flexibility: Japanese Exchange Rate Policy, 19712007 Shinji Takagi -- 1. Introduction -- 2. Learning to Float: The Early to Late 1970s -- 2.1. From Bretton Woods to Smithsonian -- 2.2. Foreign exchange market intervention -- 2.3. Use of capital controls7 -- 3. Liberalizing the Capital Account: The Late 1970s to the Mid-1980s -- 3.1. Liberalization and the revised foreign exchange law -- 3.2. Further liberalization and its reversal -- 3.3. Liberalization under Japan-US agreement -- 4. From Plaza to Louvre and Beyond: 1985 Through the Early 1990s -- 4.1. From Plaza to Louvre -- 4.2. Policy coordination under the Louvre Accord -- 4.3. Additional policy measures during the Plaza-Louvre period -- 5. The Lost Decade and Fragile Recovery: From the Mid-1990s Through 2004 -- 5.1. The macroeconomic environment -- 5.2. The big bang and its impact on the yen -- 5.3. Intervention as a tool of macroeconomic policy -- 6. Characterizing Japan8217;s Exchange Rate Policy -- 7. Conclusion -- Acknowledgments -- References -- China8217;s Exchange Rate System Reform Paul S.L. Yip -- 1. Introduction -- 2. Debate Before the Re. Foreign exchange rates Asia. Currency boards Asia. Monetary policy Asia. Taux de change Asie. Currency boards Asie. Politique monétaire Asie. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Currency boards fast Foreign exchange rates fast Monetary policy fast Asia fast https://id.oclc.org/worldcat/entity/E39PBJxMpyjKQ9Jtm3jkjPBgKd Yip, Paul Sau-Leung. https://id.oclc.org/worldcat/entity/E39PCjxvBtbrDqtXx3RPVBCt4y http://id.loc.gov/authorities/names/n2005208820 Singapore economic review. v.52, no. 3. has work: Exchange rate systems and policies in Asia (Text) https://id.oclc.org/worldcat/entity/E39PCGcq6FdpBg6vpPhW4mX3DC https://id.oclc.org/worldcat/ontology/hasWork Print version: Exchange rate systems and policies in Asia. Singapore : World Scientific, ©2008 9789812834508 (DLC) 2009323046 (OCoLC)234427280 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=305222 Volltext |
| spellingShingle | Exchange rate systems and policies in Asia / Cover -- CONTENTS -- Introduction: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia Paul S.L. Yip -- 1. Introduction -- 2. Lessons on the Choice of Exchange Rate Systems -- 2.1. The risks and costs of a fixed exchange rate system -- 2.2. Major misalignments could also happen in a floating regime -- 2.3. The real choice of exchange rate system for most economies -- 3. Capital Control and Speculative Attacks -- 4. Undervaluation of Yen: A Threat to Global Financial Stability? -- 4.1. Currency mismatch, low interest rate, carry trade and run of yen -- 4.2. Japan is caught -- 4.3. A potential threat to global financial stability? -- 5. Remarks: Other Major Lessons -- 5.1. Control of asset inflation -- 5.2. Exit strategy from a fixed exchange rate system -- 5.3. China8217;s experience of banking reform -- 5.4. US bashing could be misleading -- 5.5. Variable wage component -- References -- The InternationalMonetary Fund and Exchange Rate Crisis Management Chong-Yah Lim -- 1. Post-Crisis Per Capita Income -- 2. China and Capital Control -- 3. East Asia and Capital Control -- 4. IMF and New Exchange Crises -- 5. Future Exchange Crises -- 6. Asian IMF Proposal -- 7. Another Southeast Asian Crisis -- Acknowledgments -- References -- The Case for an Intermediate Exchange Rate Regime John Williamson -- 1. A Taxonomy of the Options -- 2. Fixed Rates -- 3. Freely Floating Rates -- 4. The Adjustable Peg -- 5. The BBC Regime -- 6. Managed Floating -- 7. The Bipolarity Thesis -- 8. Choices -- 9. Concluding Remarks -- Acknowledgments -- References -- Japan8217;s Deflationary Hangover:Wage Stagnation and the Syndrome of the Ever-Weaker Yen Ronald McKinnon -- 1. Introduction -- 2. The Historical Origins of Japan8217;s Deflationary Trap -- 3. Wage Growth and the Exchange Rate -- 4. Parsing the Yen8217;s Real Depreciation -- 5. Intra-European Differences in Wage and Productivity Growth: An Aside -- 6. Interest Rates and Japan8217;s Currency Mismatch -- 7. The Liquidity Trap and Portfolio Instability -- 8. The Yen Carry Trade -- 9. Fragile Export-Led Recovery: 20032007 -- 10. Stabilizing the Yen: A Concluding Note -- Acknowledgments -- References -- Managing Flexibility: Japanese Exchange Rate Policy, 19712007 Shinji Takagi -- 1. Introduction -- 2. Learning to Float: The Early to Late 1970s -- 2.1. From Bretton Woods to Smithsonian -- 2.2. Foreign exchange market intervention -- 2.3. Use of capital controls7 -- 3. Liberalizing the Capital Account: The Late 1970s to the Mid-1980s -- 3.1. Liberalization and the revised foreign exchange law -- 3.2. Further liberalization and its reversal -- 3.3. Liberalization under Japan-US agreement -- 4. From Plaza to Louvre and Beyond: 1985 Through the Early 1990s -- 4.1. From Plaza to Louvre -- 4.2. Policy coordination under the Louvre Accord -- 4.3. Additional policy measures during the Plaza-Louvre period -- 5. The Lost Decade and Fragile Recovery: From the Mid-1990s Through 2004 -- 5.1. The macroeconomic environment -- 5.2. The big bang and its impact on the yen -- 5.3. Intervention as a tool of macroeconomic policy -- 6. Characterizing Japan8217;s Exchange Rate Policy -- 7. Conclusion -- Acknowledgments -- References -- China8217;s Exchange Rate System Reform Paul S.L. Yip -- 1. Introduction -- 2. Debate Before the Re. Foreign exchange rates Asia. Currency boards Asia. Monetary policy Asia. Taux de change Asie. Currency boards Asie. Politique monétaire Asie. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Currency boards fast Foreign exchange rates fast Monetary policy fast |
| title | Exchange rate systems and policies in Asia / |
| title_alt | Singapore economic review. v.52, no. 3. |
| title_auth | Exchange rate systems and policies in Asia / |
| title_exact_search | Exchange rate systems and policies in Asia / |
| title_full | Exchange rate systems and policies in Asia / editor, Paul S.L. Yip. |
| title_fullStr | Exchange rate systems and policies in Asia / editor, Paul S.L. Yip. |
| title_full_unstemmed | Exchange rate systems and policies in Asia / editor, Paul S.L. Yip. |
| title_short | Exchange rate systems and policies in Asia / |
| title_sort | exchange rate systems and policies in asia |
| topic | Foreign exchange rates Asia. Currency boards Asia. Monetary policy Asia. Taux de change Asie. Currency boards Asie. Politique monétaire Asie. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Currency boards fast Foreign exchange rates fast Monetary policy fast |
| topic_facet | Foreign exchange rates Asia. Currency boards Asia. Monetary policy Asia. Taux de change Asie. Currency boards Asie. Politique monétaire Asie. BUSINESS & ECONOMICS Foreign Exchange. Currency boards Foreign exchange rates Monetary policy Asia |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=305222 |
| work_keys_str_mv | UT singaporeeconomicreviewv52no3 AT yippaulsauleung exchangeratesystemsandpoliciesinasia |