Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin

Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin

by Reuven Glick
     
 

ISBN-10: 0521041236

ISBN-13: 9780521041232

Pub. Date: 10/18/2007

Publisher: Cambridge University Press

Over the past thirty years the Pacific Basin region has become more integrated with the rest of the world and played an increasingly important role in the world economy. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of exchange rate and monetary policies in the economies of the region…  See more details below

Overview

Over the past thirty years the Pacific Basin region has become more integrated with the rest of the world and played an increasingly important role in the world economy. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of exchange rate and monetary policies in the economies of the region. The papers should be of interest to readers with an interest in broadening their understanding of different exchange rate arrangements as well as those wishing to deepen their knowledge of Pacific Basin economies.

Product Details

ISBN-13:
9780521041232
Publisher:
Cambridge University Press
Publication date:
10/18/2007
Pages:
392
Product dimensions:
5.98(w) x 9.02(h) x 0.87(d)

Table of Contents

List of contributors
Preface
1Overview1
2Financial links around the Pacific Rim: 1982-199217
3Relative returns on equities in Pacific Basin countries48
4Exchange rate policy, international capital mobility, and monetary policy instruments68
5Exchange rate management: a partial review99
6Exchange rate policy and insulation from external shocks: the cases of Korea and Taiwan, 1970-1990138
7Trade price shocks and insulation: Australia's experience with floating rates159
8The role of the exchange rate in New Zealand monetary policy176
9Officially floating, implicity targeted exchange rates: examples from the Pacific Basin198
10Monetary policy, intervention, and exchange rates in Japan225
11The signaling effect of foreign exchange intervention: the case of Japan258
12Sterilization of the monetary effects of current account surpluses and its consequences: Korea, 1986-1990287
13On the possibility of a yen bloc317
14Economic fundamentals and a yen currency area for Asian Pacific Rim countries344
Index363

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