Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin

Reuven Glick, Michael M. Hutchinson (Editors)

ISBN 10: 0521461103 / ISBN 13: 9780521461108

Published by Cambridge University Press, 1994

About this Item

Volume, measuring approximately 6.75" x 9.5", is bound in dark blue cloth, with stamped silver lettering to spine. Book and dust jacket are like new. ix/375 pages. "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.".

Seller Inventory # ABE-1599612246858

Bibliographic Details

• Title: Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin
• Publisher: Cambridge University Press
• Publication Date: 1994
• Language: English
• ISBN 10: 0521461103
• ISBN 13: 9780521461108
• Binding: Hardcover
• Edition: 1st Edition
• Condition: As New
• Dust Jacket Condition: As New

About this title

Synopsis

Over the past thirty years the Pacific Basin region has become more integrated with the rest of the world and played an increasingly important role in the world economy. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of exchange rate and monetary policies in the economies of the region. These papers should be of interest to readers with an interest in broadening their understanding of different exchange rate arrangements as well as those wishing to deepen their knowledge of Pacific Basin economies.

Review

"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