Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin

Hardcover (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $6.00
Usually ships in 1-2 business days
(Save 96%)
Other sellers (Hardcover)
  • All (11) from $6.00   
  • New (5) from $61.00   
  • Used (6) from $6.00   


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.

Read More Show Less

Editorial Reviews

From the Publisher
"The essays contained in the book are...solid contributions to our understanding of exchange rate policy. Future research on exchange rate arrangements in the Pacific Basin should start by consulting this work." Journal of Economic Literature

"Overall, this collection of essays will appeal to a wide audience. The contributors are effective researchers who employ sophisticated techniques. Students of international finance will find the essays provocative and potentially helpful in identifying research projects. Economists specializing in this area will admire the attention to detail, the emphasis on policy considerations, and the focus on a set of often-neglected countries." Eastern Economic Journal

Read More Show Less

Product Details

  • ISBN-13: 9780521461108
  • Publisher: Cambridge University Press
  • Publication date: 8/28/1994
  • Pages: 389
  • Product dimensions: 5.98 (w) x 8.98 (h) x 1.10 (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: 1982–1992 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.

Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)