Dealing With Multiple Currencies In Transitional Economies
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Dealing With Multiple Currencies In Transitional Economies
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Author : Giovanni Capannelli
language : en
Publisher: Asian Development Bank
Release Date : 2009-12-01
Dealing With Multiple Currencies In Transitional Economies written by Giovanni Capannelli and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12-01 with Business & Economics categories.
This study, conducted by a team of economists from the Asian Development Bank, academics, and personnel from Cambodia, the Lao People's Democratic Republic, and Viet Nam (the CLV countries) finance ministries and central banks, explores the issues of multiple currencies and regional monetary cooperation among the economies of the Association of Southeast Asian Nations (ASEAN) in the context of increasing regional economic interdependence. It reviews the main issues related to the monetary and exchange rate policy decisions taken by CLV national authorities, and discusses the options and opportunities available for enhancing monetary and financial stability in the ASEAN region.
Dollarization And De Dollarization In Transitional Economies Of Southeast Asia
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Author : Koji Kubo
language : en
Publisher: Springer
Release Date : 2017-09-01
Dollarization And De Dollarization In Transitional Economies Of Southeast Asia written by Koji Kubo and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-09-01 with Business & Economics categories.
This book sheds light on the dollarization trends of four transitional economies in Southeast Asia: Cambodia, Lao PDR, Myanmar, and Vietnam. Moving beyond the tendency to focus on the Latin American experience of dollarization and prolonged high inflation, the chapters in this book compare how payment dollarization has been more persistent than other types of dollarization in this region due to network externalities. The book illustrates that dollarization started in the underdeveloped financial system in these countries and that dollarization interacted with financial development, which is in contrast to dollarization in Latin America. This project extends the frontiers of empirical studies on dollarization. It will be of interest to students, researchers and policy makers concerned with dollarization and economics in Southeast Asia.
Inflation Targeting And Exchange Rate Management In Less Developed Countries
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Author : Mr. Marco Airaudo
language : en
Publisher: International Monetary Fund
Release Date : 2016-03-08
Inflation Targeting And Exchange Rate Management In Less Developed Countries written by Mr. Marco Airaudo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-08 with Business & Economics categories.
We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Controlling Currency Mismatches In Emerging Markets
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Author : Morris Goldstein
language : en
Publisher: Columbia University Press
Release Date : 2004-04-25
Controlling Currency Mismatches In Emerging Markets written by Morris Goldstein and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-25 with Business & Economics categories.
In most of the currency crises of the 1990s, the largest output falls have occurred in those emerging economies with large currency mismatches, a phenomenon that occurs when assets and liabilities are denominated in different currencies such that net worth is sensitive to changes in the exchange rate. Currency mismatching makes crisis management much more difficult since it constrains the willingness of the monetary authority to reduce interest rates in a recession (for fear of initiating a large fall in the currency that would bring with it large-scale insolvencies). The mismatching also produces a "fear of floating" on the part of emerging economies, sometimes inducing them to make currency-regime choices that are not in their own long-term interest. Authors Morris Goldstein and Philip Turner summarize what is known about the origins of currency mismatching in emerging economies, discuss how best to define and measure currency mismatching, and review policy options for reducing the size of the problem.
Southeast Asian Economic Outlook 2013 With Perspectives On China And India
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2013-03-01
Southeast Asian Economic Outlook 2013 With Perspectives On China And India written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-01 with categories.
This edition of the Southeast Asian Economic Outlook examines medium-term growth prospects, recent macroeconomic policy challenges, and structural challenges including human capital, infrastructure and SME development.
Monetary And Currency Policy Management In Asia
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Author : Masahiro Kawai
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
Monetary And Currency Policy Management In Asia written by Masahiro Kawai and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-01 with Business & Economics categories.
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.
Asia Pacific Development Journal Vol 22 No 1 June 2015
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Author : United Nations Economic and Social Commission for Asia and the Pacific
language : en
Publisher: United Nations
Release Date : 2016-04-27
Asia Pacific Development Journal Vol 22 No 1 June 2015 written by United Nations Economic and Social Commission for Asia and the Pacific and has been published by United Nations this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-27 with Political Science categories.
This publication provides a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The Asian development experience is an example of what can be achieved when policymakers, experts, scholars and people at large harness their creativity, knowledge and foresight. The APDJ provides a scholarly means for bringing together research work by scientists and practitioners for use by a variety of stakeholders.
Dreaming Of Money In Ho Chi Minh City
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Author : Allison J. Truitt
language : en
Publisher: University of Washington Press
Release Date : 2013-08-30
Dreaming Of Money In Ho Chi Minh City written by Allison J. Truitt and has been published by University of Washington Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-08-30 with Social Science categories.
The expanding use of money in contemporary Vietnam has been propelled by the rise of new markets, digital telecommunications, and an ideological emphasis on money's autonomy from the state. People in Vietnam use the metaphor of "open doors" to describe their everyday experiences of market liberalization and to designate the end of Vietnam's postwar social isolation and return to a consumer- oriented environment. Dreaming of Money in Ho Chi Minh City examines how money is redefining social identities, moral economies, and economic citizenship in Vietnam. It shows how people use money as a standard of value to measure social and moral worth, how money is used to create new hierarchies of privilege and to limit freedom, and how both domestic and global monetary politics affect the cultural politics of identity in Vietnam. Drawing on interviews with shopkeepers, bankers, vendors, and foreign investors, Allison Truitt explores the function of money in everyday life. From counterfeit currencies to streetside lotteries, from gold shops to crowded temples, she relates money's restructuring to performances of identity. By locating money in domains often relegated to the margins of the economy-households, religion, and gender- she demonstrates how money is shaping ordinary people's sense of belonging and citizenship in Vietnam.
China S Evolving Exchange Rate Regime
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Author : Mr.Sonali Das
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-07
China S Evolving Exchange Rate Regime written by Mr.Sonali Das and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-07 with Business & Economics categories.
China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.
Impact Of China S Rise On The Mekong Region
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Author : Yos Santasombat
language : en
Publisher: Springer
Release Date : 2015-06-16
Impact Of China S Rise On The Mekong Region written by Yos Santasombat and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-16 with Social Science categories.
This volume presents a contemporary analysis of the impact of China's rise on the Mekong Region at a critical point in Southeast Asian history. As the most populated country and the second largest economy in the world, China has become an increasingly influential player in global and regional affairs in recent decades. Economic ties between China and her southern neighbors are particularly strong. Yet relations between China and the Mekong region are embedded in complex socio-cultural and political issues. China's accelerated growth, increasing economic footprint, rapid military modernization, and global search for energy, natural resources, and food security have created a wide range of new challenges for smaller countries in Southeast Asia. These new challenges both encourage and limit cooperation between China and the emerging ASEAN Economic Community (AEC). The authors pay close attention to these challenges with particular focus on the impact of Chinese investment, trade, foreign aid, and migration.