Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin

Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin

by Reuven Glick
     
 

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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

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; 1. Overview Reuven Glick and Michael M. Hutchison; Part I. International Financial Market Integration: 2. Financial links around the Pacific Rim: 1982-92 Menzie D. Chinn and Jeffrey A. Frankel; 3. Relative returns on equities in Pacific Basin countries Charles Engel and John H. Rogers; 4. Exchange rate policy, international capital mobility and monetary policy instruments Michael P. Dooley and Donald J. Mathieson; Part II. Choice of Exchange Rate Regimes: 5. Exchange rate management: a partial review Stephen J. Turnovsky; 6. Exchange rate policy and insulation from external shocks: the cases of Korea and Taiwan, 1970-90 Ramon Moreno; 7. Trade price shocks and insulation: Australia's experience with floating rates John Pitchford; 8. The role of the exchange rate in New Zealand monetary policy Arthur Grimes and Jason Wong; 9. Officially floating, implicitly targeted exchange rates: examples from the Pacific Basin Helen Popper and Julia Lowell; Part III. Intervention and Sterilization Policies: 10. Monetary policy, intervention and exchange rates in Japan Reuven Glick and Michael M. Hutchison; 11. The signaling effect of foreign exchange intervention: the case of Japan Tsutomu Watanabe; 12. Sterilization of the monetary effects of current account surpluses and its consequences: Korea, 1986-90 Sung Y. Kwack; Part IV. Prospects for a Yen Bloc: 13. On the possibility of a yen bloc Takatoshi Ito; 14. Economic fundamentals and a yen currency area for Asian Pacific Rim countries Michael Melvin, Michael Ormiston and Bettina Peiers; Index.

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