Studies In East Asian Economies: Capital Flows, Exchange Rates And Monetary Policy

Released on by Jagdish Handa
preview-18

  • Studies In East Asian Economies: Capital Flows, Exchange Rates And Monetary Policy Book Detail

  • Author : Jagdish Handa
  • Release Date : 2011-07-29
  • Publisher : World Scientific
  • Genre : Business & Economics
  • Pages : 284
  • ISBN 13 : 9814462128
  • File Size : 17,17 MB
DOWNLOAD BOOK

Studies In East Asian Economies: Capital Flows, Exchange Rates And Monetary Policy by Jagdish Handa PDF Summary

Book Description: This book includes three economic/econometric studies on four East Asian countries (Indonesia, Malaysia, Philippines and Thailand) and two studies on China. The four East Asian economies, designated at one time as ‘economic tigers’, provide important and interesting case studies on periods of very rapid growth with heavy capital inflows, followed by financial and economic crises. The three studies on these countries examine the impact of heavy capital inflows on growth, real exchange rates and the conduct of domestic monetary policy during the period 1970-96, which immediately preceded their financial crises of 1997-98. At a more general level, they shed light on the contributions that capital inflows make to small open economies and how these inflows impact on their exchange rates and monetary policies.The two studies on China examine the adequacy of capital flows to it and its monetary policies. In recent years, while China has been among the biggest recipients of capital inflows, our study on it finds that these inflows are still considerably short of the amounts that perfect capital flows would imply. Regarding China's pursuit of monetary policy, our study is the first one to question whether interest rates or monetary aggregates are appropriate instruments for the control of the economy. Our finding is that its large informal sector and black money holdings make the use of monetary aggregates the more appropriate policy instrument. This finding contrasts with the usual one for financially developed economies that interest rate targeting and a Taylor rule provide the applicable monetary policy framework.

Disclaimer: www.yourbookbest.com does not own Studies In East Asian Economies: Capital Flows, Exchange Rates And Monetary Policy books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.

Macroeconomic Linkage

Macroeconomic Linkage

File Size : 13,13 MB
Total View : 7735 Views
DOWNLOAD

This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explo

Monetary Policy Implementation in East Asia

Monetary Policy Implementation in East Asia

File Size : 31,31 MB
Total View : 7843 Views
DOWNLOAD

This book shares essential insights into the implementation of monetary policy in various East Asian countries. Highlighting case studies from China, Taiwan, Ko

Coping with Capital Flows in East Asia

Coping with Capital Flows in East Asia

File Size : 41,41 MB
Total View : 7354 Views
DOWNLOAD

This timely book examines how the countries of East Asia coped with the vast pool of international capital that flowed into the region during the early 1990s. E