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Does The World Real Interest Rate Affect The Real Exchange Rate The South East Asian Experience
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Book Synopsis Does the World Real Interest Rate Affect the Real Exchange Rate? The South East Asian Experience by : Karine Gente
Download or read book Does the World Real Interest Rate Affect the Real Exchange Rate? The South East Asian Experience written by Karine Gente and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse the consequences of US real interest rate rises on the real exchange rate (RER) in a two-good overlapping generations model of a semi-small open economy. The equilibrium RER depreciates (appreciates) when the world interest rate increases in a debtor (creditor) country. We then study empirically the reaction of the RER in a set of South East Asian (SEA) countries to shocks in US real interest rates. The results support the conclusions of the theory model at least for Singapore, Thailand and South Korea during the period 1980-2001.
Book Synopsis Proposed Strategy for a Regional Exchange Rate Arrangement in Post-crisis East Asia by : Masahiro Kawai
Download or read book Proposed Strategy for a Regional Exchange Rate Arrangement in Post-crisis East Asia written by Masahiro Kawai and published by World Bank Publications. This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.
Book Synopsis The Interest Rate-exchange Rate Nexus in the Asian Crisis Countries by : Gabriela Basurto
Download or read book The Interest Rate-exchange Rate Nexus in the Asian Crisis Countries written by Gabriela Basurto and published by . This book was released on 2000 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Exchange Rate Systems and Policies in Asia by : Paul S. L. Yip
Download or read book Exchange Rate Systems and Policies in Asia written by Paul S. L. Yip and published by World Scientific. This book was released on 2008 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore''s exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China''s latest exchange rate system reform.
Book Synopsis Economic Instability and Flexible Exchange Rates by : Robert V. Roosa
Download or read book Economic Instability and Flexible Exchange Rates written by Robert V. Roosa and published by Institute of Southeast Asian. This book was released on 1983 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the risks accompanying a vibrant and expanding monetary system. It views in broad terms an apparent gap in economic analysis that seems to prevent any single answer to the paradox that a highly sophisticated payments system also seems to generate economic instability. The volatile behaviour of foreign exchange markets is examined, and operational possibilities for attempting to minimize the often conflicting differences between movements of capital and trade are put forward.
Author :Southeast Asia Development Advisory Group Publisher :Lexington, Mass : Lexington Books ISBN 13 : Total Pages :146 pages Book Rating :4.3/5 (91 download)
Book Synopsis Exchange Rate Policy in Southeast Asia by : Southeast Asia Development Advisory Group
Download or read book Exchange Rate Policy in Southeast Asia written by Southeast Asia Development Advisory Group and published by Lexington, Mass : Lexington Books. This book was released on 1973 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis ASEAN Exchange Rates by : Pradumna B. Rana
Download or read book ASEAN Exchange Rates written by Pradumna B. Rana and published by Institute of Southeast Asian Studies. This book was released on 1981 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the experience of the ASEAN countries in the post-Bretton Woods era - the period of generalized currency float. It outlines the major developments in the exchange rate policies of the ASEAN countries in the 1970s and analyses the movements of the effective exchange rates (both in terms of the trend and short-run variability) and their sources. The study shows that the increased exchange rate risk (variaibility) experienced by the ASEAN countries during the generalized floating period has had an anti-trade bias - reduced volume of imports. On the export side, simulations of world trade models for various commodities are carried out, and these indicate that multilateral changes in real exchange rates in the present international monetary system had adversely affected the major primary exports of the ASEAN countries. In the final chapter, the policy implications of the major findings are discussed.
Book Synopsis Is Pegging the Exchange Rate a Cure for Inflation? by : Reuven Glick
Download or read book Is Pegging the Exchange Rate a Cure for Inflation? written by Reuven Glick and published by . This book was released on 1995 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis On the Causes and Effects of Real Exchange Rate Variability by : Rogelio Arellano-Cadena
Download or read book On the Causes and Effects of Real Exchange Rate Variability written by Rogelio Arellano-Cadena and published by . This book was released on 1990 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Toward an East Asian Exchange Rate Regime by : Duck-Koo Chung
Download or read book Toward an East Asian Exchange Rate Regime written by Duck-Koo Chung and published by Rowman & Littlefield. This book was released on 2007-05-01 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: East Asian exchange rates have become a global flashpoint. U.S. policymakers blame artificially low Asian currency values for global imbalances, including America's ballooning current account deficit. The solution, they argue, lies in some combination of greater exchange rate flexibility and the appreciation of Asian currencies against the dollar. Asian officials recognize the need to let their exchange rates rise, but they fear that would hamper growth and cut sharply into the value of their dollar reserves. Toward an East Asian Exchange Rate Regime offers a timely and comprehensive analysis of the resulting debates, drawing on expertise from China, Japan, South Korea, and the United States. The introduction reviews the issues at stake, sketches a variety of proposed exchange rate regimes, and discusses comparisons between East Asia and the West. Subsequent chapters examine the connection between global financial imbalances and East Asian monetary cooperation, China's potential role in regional coordination, the relationship between monetary and trade integration, and different paths toward regional cooperation. Authoritative yet concise, this is an essential primer on East Asian monetary integration. Contributors include Gongpil Choi (Korean Institute of Finance, Federal Reserve Bank of San Francisco), Masahiro Kawai (University of Tokyo, Asian Development Bank), Kwanho Shin (Korea University), Yunjong Wang (SK Institute), Masaru Yoshitomi (RIETI,Tokyo), and Yongding Yu (Chinese Academy of Social Sciences).
Book Synopsis Exchange Rate Regimes in East Asia by : Masahiro Kawai
Download or read book Exchange Rate Regimes in East Asia written by Masahiro Kawai and published by Routledge. This book was released on 2004-08-02 with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a deepening debate in East Asia about the prospects for common exchange rate arrangements, even including the formation of a common currency in the longer term. This raises a complex set of issues and this volume provides a detailed yet comprehensive examination of key issues in the debate. It looks, for example, at the nature and extent of linkages in East Asia, in terms of trade and foreign investment, finance, labour, and consumption, investment and output. It examines how the exchange rate affects various aspects of economies. And it critically analyzes various proposals for currency regimes for the region, including floating exchange rates, basket pegs, and currency union.
Book Synopsis The Impact of Real Exchange Rate Flexibility on East Asian Exports by : Mizanur Rahman
Download or read book The Impact of Real Exchange Rate Flexibility on East Asian Exports written by Mizanur Rahman and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates the impact of intra-regional real exchange rate flexibility on East Asian exports. The hypothesis is that the impact would be negative for East Asian countries regardless of their exchange rate regimes. The results validate the hypothesis. The findings show that for Chinese exports the long-run effect is as much as that of a real appreciation of renminbi. By contrast, for Japanese exports the effect is three times larger than that of a real appreciation of the yen. The findings imply that a regional currency basket mechanism would lessen the adverse effect of exchange rate flexibility and engineer a collective exchange rate adjustment for resolving the global payment imbalance against East Asia.
Download or read book Currency Crisis written by Faridul Islam and published by MDPI. This book was released on 2019-10-16 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial crises are nothing new in the annals of history of the capitalistic path of economic development; indeed, they are part of business cycle. The theoretical basis for this is well entrenched in the concept of ‘Keynesian Cross’. Tales of crises date back centuries, but have taken a new turn as the race for more globalization goes on, which involves liberalizing trade and opening up the financial sector. This has made many nations vulnerable to crises that are likely to be repeated, perhaps frequently. Based on recent experience, warning signs can be seen in the dollar-centric exchange rate, which is the mainstay for the stability of the current global financial system. To a careful observer, there is clearly fatigue in the system.
Book Synopsis Exchange Rate Regimes of ASEAN Countries by : Aleth Yenko
Download or read book Exchange Rate Regimes of ASEAN Countries written by Aleth Yenko and published by Institute of Southeast Asian. This book was released on 1982 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical framework, based on existing literature, which could serve as a guide for developing countries in choosing an appropriate exchange rate regime in the present system of generalized floating. The exchange rate regimes of the ASEAN countries are then evaluated in terms of the framework.
Book Synopsis The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries by : Gabriela Basurto
Download or read book The Interest Rate-Exchange Rate Nexus in the Asian Crisis Countries written by Gabriela Basurto and published by . This book was released on 2006 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sharp exchange rate depreciations in the East Asian crisis countries (Indonesia, Korea, and Thailand) raised doubts about the efficacy of increasing interest rates to defend the currency. Using a standard monetary model of exchange rate determination, this paper shows that tighter monetary policy was in fact associated with an appreciation of the exchange rate. Moreover, there is little evidence of higher real interest rates contributing to a widening of the risk premium.
Book Synopsis The Usual Suspects? by : Menzie David Chinn
Download or read book The Usual Suspects? written by Menzie David Chinn and published by . This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivities are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. Time series regressions of the real exchange rate on relative prices indicate a role for relative prices for Indonesia, Japan and Korea. When examining real exchange rates and relative productivity ratios, one finds a relationship for Japan, Malaysia, and the Philippines. Only when augmenting the regressions with real oil prices are significant relationships obtained for Indonesia and Korea. Panel regression results are slightly more supportive of a relative price view of real exchange rates. However, the panel regressions incorporating productivity variables, as well as other demand side factors, are less encouraging, except for a small subset of countries (Indonesia, Japan, Korea, Malaysia and the Philippines). Surprisingly, government spending does not appear to be a determinant of real exchange rates in the region.
Book Synopsis Recent Issues in Exchange Rate Policy in Developing Countries by : Wanda Tseng
Download or read book Recent Issues in Exchange Rate Policy in Developing Countries written by Wanda Tseng and published by . This book was released on 1992 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
