Exchange Rates, Currency Crisis and Monetary Cooperation in Asia [Hardcover]

This book?concentrates on?exchange rates and their macroeconomic consequences, analytical and empirical issues relating to currency crises and policy responses and monetary and financial cooperation in Asia. It is truely pan-Asia-focused with chapters on China, Japan, Korea, India and Southeast Asia.Preface and Introduction Acknowledgements PART I: EXCHANGE RATES AND MACROECONOMIC CONSEQUENCES Managing the Liquidity Effects of Reserve Stockpiling in Emerging Asia; A.Ouyang ?& T.Willett What is the Impact of Exchange Rate Changes on inflation in?Asia?; A.Ghosh A Closer Examination of Exchange Rate Pass-through in Korea and Thailand; A.Ghosh PART II: IMPACT OF CURRENCY CRISIS AND MONETARY POLICY Are Crisis-Induced Devaluations Contractionary? If So,Why? S.Chung-Hua Financial Crisis, Capital Outflows and Monetary Policy Responses: Simple Analytics with Reference to East Asia Understanding Currency Crisis and Monetary Policy Responses in Emerging Economies; M.Paraulkar How to Manage New-Style Currency Crises? Can High Reserves Offset Weak Fundamentals?;? J.Li PART III: MONETARY AND FINANCIAL COOPERATION IN ASIA Examining the Case for a Regional Reserve Pool; R.Siregar ?& G.Bird Taking Stock of Monetary and Financial Cooperation in Asia Is there a Role for an Asian Currency Unit (ACU)?; V.Pontines

'...the volume takes stock of and addresses some of the pertinent issues in international finance and crises in the Asian region.' - Tony Cavoli, ASEAN Economic Bulletin

GRAHAM BIRD Professor at the Department of Economics and Director of the Surrey Centre for International Economics Studies (SCIES), University of Surrey, UKAMIT GHOSH Assistant Professor at the Department of Economics, Illinois Wesleyan University, Bloomington, Illinois, USAJIE LI Assistant Professor at the Central University of Finance and Economics, China, and Director, CUFE Research Center for Foreign Reserves, Beijing, ChinaALICE OUYANG Assistant Professor in China Academy of PubliclS0