Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basinby Reuven Glick
Pub. Date: 08/28/1994
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
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. These 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.
- Cambridge University Press
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Table of ContentsList of contributors; Preface; 1. Overview Reuven Glick and Michael M. Hutchison; Part I. International Financial Market Integration: 2. Financial links around the Pacific Rim: 1982–1992 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, 1970–1990 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, 1986–1990 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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