Studies In East Asian Economies Capital Flows Exchange Rates And Monetary Policy is popular PDF and ePub book, written by Jagdish Handa in 2011-07-29, 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, Studies In East Asian Economies Capital Flows Exchange Rates And Monetary Policy can be Read Online from any device for your convenience.
Studies In East Asian Economies Capital Flows Exchange Rates And Monetary Policy Book PDF Summary
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.
Detail Book of Studies In East Asian Economies Capital Flows Exchange Rates And Monetary Policy PDF
- Author : Jagdish Handa
- Release : 29 July 2011
- Publisher : World Scientific
- ISBN : 9789814462129
- Genre : Business & Economics
- Total Page : 284 pages
- Language : English
- PDF File Size : 15,6 Mb
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