Evolution of Exchange Rate Behavior in the ASEAN 5 Countries is popular PDF and ePub book, written by Mr.Vladimir Klyuev in 2016-09-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Evolution of Exchange Rate Behavior in the ASEAN 5 Countries can be Read Online from any device for your convenience.
Evolution of Exchange Rate Behavior in the ASEAN 5 Countries Book PDF Summary
This paper examines exchange rate behavior in the ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand). It finds that for the last 10 years there is no evidence that their central banks target particular exchange rate levels against any currency or basket. Thus, contrary to some assertions, they do not belong to a U.S. dollar club, a Japanese yen club, a Chinese renminbi club, or an ASEAN club. At the same time, they clearly try to smooth short-term volatility, particularly vis-à-vis the U.S. dollar. The degree of smoothing declined noticeably after the Asian Financial Crisis and less obviously after the Global Financial Crisis, with heterogeneity across countries. Short-term smoothing without level targeting does not interfere with monetary policies aimed at price stability.
Detail Book of Evolution of Exchange Rate Behavior in the ASEAN 5 Countries PDF
- Author : Mr.Vladimir Klyuev
- Release : 06 September 2016
- Publisher : International Monetary Fund
- ISBN : 9781475533187
- Genre : Business & Economics
- Total Page : 34 pages
- Language : English
- PDF File Size : 14,6 Mb
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