Macroeconomics for Emerging East Asia

Macroeconomics for Emerging East Asia

by Calla Wiemer
Macroeconomics for Emerging East Asia

Macroeconomics for Emerging East Asia

by Calla Wiemer


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Macroeconomics for Emerging East Asia presents a distinctive approach to the study of macroeconomic theory and policy. The author develops a unique analytical framework that incorporates: (1) both internal and external balance as aspects of macroeconomic stability; (2) both the exchange rate and the interest rate as monetary policy instruments, (3) government debt sustainability as a concern of fiscal policy, and (4) global capital flows as a force to be reckoned with. The framework provides students with the foundational knowledge to analyze macroeconomic issues common to emerging economies. Concepts are illustrated using the latest empirical data and extensive case study analysis for thirteen economies of Northeast and Southeast Asia (Cambodia, China, Hong Kong, Indonesia, Korea, Laos, Myanmar, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam). The book's lucid exposition accommodates students of differing levels of preparation.

Product Details

ISBN-13: 9781009152532
Publisher: Cambridge University Press
Publication date: 12/01/2022
Series: Elements of Paleontology
Pages: 400
Product dimensions: 7.99(w) x 10.00(h) x 0.75(d)

About the Author

Calla Wiemer has taught at the University of Hawaii at Manoa, the University of the Philippines, the National University of Singapore, the KDI School of Public Policy and Management, and Claremont McKenna College. She was Editor-in-Chief of the Journal of Asian Economics from 2015 to 2020. As President of the American Committee on Asian Economic Studies, she moderates the Asia Economics Blog. She is bi-continental with homes in Los Angeles and Manila.

Table of Contents

1. Fitting macroeconomics to emerging East Asia; 2. Taking the measure of emerging East Asia; 3. Microeconomic fundamentals; 4. National income and product accounts; 5. Balance of payments accounts; 6. Money; 7. Finance; 8. Exchange rates; 9. Models of equilibrium and disequilibrium; 10. Business cycles; 11. Monetary policy; 12. Fiscal policy; 13. Policy for internal and external balance; 14. Macroprudential policy; 15. Crises; 16. Epilogue.
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