Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download De Facto Exchange Rate Regime In Korea full books in PDF, epub, and Kindle. Read online De Facto Exchange Rate Regime In Korea ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Michael Patrick Dooley
Publisher : 대외경제정책연구원
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (318 download)
Download or read book A Framework for Exchange Rate Policy in Korea written by Michael Patrick Dooley and published by 대외경제정책연구원. This book was released on 2002 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chae-sik Chŏng
Publisher : 대외경제정책연구원
ISBN 13 :
Total Pages : 70 pages
Book Rating : 4.:/5 (318 download)
Download or read book Appropriate Exchange Rate Regime in Developing Countries written by Chae-sik Chŏng and published by 대외경제정책연구원. This book was released on 2000 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Han Geun Moon
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (13 download)
Download or read book De Facto Exchange Rate Regime in Korea written by Han Geun Moon and published by . This book was released on 2017 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to test the common view on the actual exchange rate regime, using very simple but intuitive OLS regression models based on Frankel and Wei's work (1994). The results show that, firstly, East Asian countries including Korea have returned to the dollar peg or managed floating after the restoration from the crisis, as they did during the pre-crisis period. The results also show that Korea has substantially changed her exchange rate regime since January 2001, but other countries, even Taiwan and Singapore which had no crisis, are still the same as before. The sensitivity to the dollar has statistically significantly decreased, but sensitivity to the yen is almost twice as much as those in other countries. This result might come from the synchronization of Korean won with Japanese yen from November 2000, the change of the monetary policy framework from monetary targeting to the pure inflation targeting, and the full capital and foreign exchange liberalization since the second stage of foreign exchange liberalization (January 2001). However, 6 months (January 2001-June 15, 2001) is not enough to assess policy changes, and, we continuously need to monitor how the exchange rate policy evolves.
Author : Sŭng-hŭi Chwa
Publisher :
ISBN 13 :
Total Pages : 102 pages
Book Rating : 4.:/5 (318 download)
Download or read book Korea's Exchange Rate Policy written by Sŭng-hŭi Chwa and published by . This book was released on 1988 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Byung-Joo Lee
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Economic Fundamentals and Exchange Rates Under Different Exchange Rate Regimes written by Byung-Joo Lee and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea provides a unique opportunity to study the different behaviors or roles, if any, of limited flexibility and free floating exchange rate regimes. Korea shifted from a limited flexibility to a free floating exchange rate regime after the 1997 economic crisis. It is well documented that the exchange rate is very difficult to predict using any theoretical models for exchange rate determination. Based on a simple monetary model, we find that the impact of economic fundamentals on the exchange rate is very similar under both exchange rate regime according to OLS estimates, but the difference is statistically significant with GARCH(1,1) results. We also find that the size of the exchange rate shock is much bigger under the free floating regime than under the limited flexibility regime. VAR results show that the exchange rate shock impact on inflation is not statistically different under the two regimes. These findings are generally in line with Baxter and Stockman (1989) for regime neutrality.
Author : Chae-sik Chŏng
Publisher :
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.F/5 ( download)
Download or read book Foreign Exchange Market Liberalization : the Case of Korea written by Chae-sik Chŏng and published by . This book was released on 2000 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Hyunju Kang
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Behind the Scenes of Abandoning a Fixed Exchange Rate Regime written by Hyunju Kang and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores the process of abandoning a fixed exchange rate regime during sudden stops in a small open economy. The Bank of Korea's exchange rate policy reports during the East Asian crisis suggest that its fixed exchange rate regime was forced to collapse due to the depletion of usable foreign reserves, which resulted from the credit policy of the Korean central bank to support domestic banks in need of foreign currency liquidity. To capture the Korean crisis experience, I build a quantitative small open economy model in which, in response to the country risk premium shock, the foreign-currency credit policy of a central bank under fixed regime leads to the exhaustion of international reserves and consequent exchange rate regime shift. This model does well at replicating the observed contraction in Korean aggregate variables.
Author : Ji-hong Kim (Professor)
Publisher :
ISBN 13 :
Total Pages : 20 pages
Book Rating : 4.:/5 (111 download)
Download or read book Speculative Attack and Korean Exchange Rate Regime written by Ji-hong Kim (Professor) and published by . This book was released on 2004 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sung-Hoon Sim
Publisher :
ISBN 13 :
Total Pages : 145 pages
Book Rating : 4.:/5 (223 download)
Download or read book Collapsing Exchange Rate Regime written by Sung-Hoon Sim and published by . This book was released on 1999 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michael Dooley
Publisher :
ISBN 13 : 9788932240268
Total Pages : 93 pages
Book Rating : 4.2/5 (42 download)
Download or read book A Framework for Exchange Rate Policy in Korea written by Michael Dooley and published by . This book was released on 2002 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Chang-Jin Kim
Publisher :
ISBN 13 : 9788932240268
Total Pages : 37 pages
Book Rating : 4.2/5 (42 download)
Download or read book Exchange Rate Regimes and Monetary Independence in East Asia written by Chang-Jin Kim and published by . This book was released on 2002 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Takatoshi Ito
Publisher : University of Chicago Press
ISBN 13 : 0226386937
Total Pages : 466 pages
Book Rating : 4.2/5 (263 download)
Download or read book Changes in Exchange Rates in Rapidly Developing Countries written by Takatoshi Ito and published by University of Chicago Press. This book was released on 2007-12-01 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.
Author : Mr.Kenneth Rogoff
Publisher : International Monetary Fund
ISBN 13 : 1451875843
Total Pages : 85 pages
Book Rating : 4.4/5 (518 download)
Download or read book Evolution and Performance of Exchange Rate Regimes written by Mr.Kenneth Rogoff and published by International Monetary Fund. This book was released on 2003-12-01 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
Author : Masahiro Kawai
Publisher : Taylor & Francis
ISBN 13 : 1134351933
Total Pages : 493 pages
Book Rating : 4.1/5 (343 download)
Download or read book Exchange Rate Regimes in East Asia written by Masahiro Kawai and published by Taylor & Francis. This book was released on 2004-08-02 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gordon De Brouwer is an experienced Routledge author All contributors are leading researchers in the field and are mainly from Australia, Japan and Korea
Author : Tony Cavoli
Publisher : Hong Kong University Press
ISBN 13 : 9622090532
Total Pages : 249 pages
Book Rating : 4.6/5 (22 download)
Download or read book Exchange Rate Regimes and Macroeconomic Management in Asia written by Tony Cavoli and published by Hong Kong University Press. This book was released on 2009-06-01 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the rise of China, India and the re-emergence of East Asia from the financial crisis of 1997–98, monetary issues in Asia have acquired great significance as the region holds the largest reserves in the world and consequently plays a major role in the global macro-economy. In addition, there are also a great variety of monetary policy regimes at play in the region – reflecting each country's needs and policy preferences. This volume explores monetary, exchange rate and macroeconomic policies in Asia. A particular question that is analysed is Asia's experience since the crisis with the use of monetary policy to manage the resurgence in capital inflows. It also examines the theoretical and policy issues associated with international capital flows, the increasing degree of integration of financial markets and exchange rates for emerging Asian economies. The book is unique in focussing on China, India and Southeast Asia, rather than just having a sub-regional or country-specific focus. Rigorous empirical analysis is applied to important practical policy issues. The book also provides accessible overviews of recent research relevant to the questions that are explored and is written throughout in a manner that is accessible to policy makers, students and business/financial journalists.
Author : Mr.Sonali Das
Publisher : International Monetary Fund
ISBN 13 : 1498302025
Total Pages : 31 pages
Book Rating : 4.4/5 (983 download)
Download or read book China’s Evolving Exchange Rate Regime written by Mr.Sonali Das and published by International Monetary Fund. This book was released on 2019-03-07 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Author : Masahiro Kawai
Publisher : Edward Elgar Publishing
ISBN 13 : 0857933353
Total Pages : 321 pages
Book Rating : 4.8/5 (579 download)
Download or read book Monetary and Currency Policy Management in Asia written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2012-01-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
