Exchange Rate Policy and Interdependence
Perspectives from the Pacific Basin
Reuven Glick editor Michael Hutchison editor
Format:Hardback
Publisher:Cambridge University Press
Published:26th Aug '94
Should be back in stock very soon
This hardback is available in another edition too:
- Paperback£36.99(9780521041232)
This book focuses on the conduct of exchange rate and monetary policies in the Pacific Basin.
While much has been written on Pacific Basin trade and economic growth, few studies have focused on the conduct of exchange rate monetary policies in the economies of the region. The papers should interest readers who wish to broaden their understanding of different exchange rate arrangements as well as their knowledge of Pacific Basin economies.Why countries choose different exchange rate arrangements and how these arrangements affect domestic monetary policy control and macroeconomic stability are questions of substantial interest to policy makers and researchers alike. The countries of the Pacific Basin region offer a wide variety of examples for the comparative study of the implications of different exchange rate arrangements. The essays in this volume examine the degree of financial interdependence and the conduct of exchange rate and monetary policy among Pacific Basin countries. The essays address four broad issues: one, the degree of regional financial market integration in the Pacific Basin, two, the implications of choosing different exchange rate regimes for domestic macroeconomic stability, three, the effect of exchange rate intervention policy on the conduct of domestic monetary policy, and four, the prospects for a yen currency bloc. Some of the essays focus on the national experience of specific countries in the Pacific Basin; others adopt a cross-country comparison approach.
"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
ISBN: 9780521461108
Dimensions: 229mm x 152mm x 25mm
Weight: 730g
390 pages