{"product_id":"exchange-rate-policy-and-interdependence-perspectives-from-the-pacific-basin-paperback-9780521041232","title":"Exchange Rate Policy and Interdependence; Perspectives from the Pacific Basin (Paperback \/ softback) 9780521041232","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eExchange Rate Policy and Interdependence\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003ePerspectives from the Pacific Basin\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book focuses on the conduct of exchange rate and monetary policies in the Pacific Basin.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eReuven Glick (Edited by), Michael Hutchison (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521041232, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 18 October 2007\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e392 pages, 34 b\/w illus.  58 tables\u003cbr\u003e22.7 x 15 x 2 cm, 0.581 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"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\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eWhy 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.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eList of contributors\u003cbr\u003e Preface\u003cbr\u003e 1. Overview Reuven Glick and Michael M. Hutchison\u003cbr\u003e Part I. International Financial Market Integration: 2. Financial links around the Pacific Rim: 1982–92 Menzie D. Chinn and Jeffrey A. Frankel\u003cbr\u003e 3. Relative returns on equities in Pacific Basin countries Charles Engel and John H. Rogers\u003cbr\u003e 4. Exchange rate policy, international capital mobility and monetary policy instruments Michael P. Dooley and Donald J. Mathieson\u003cbr\u003e Part II. Choice of Exchange Rate Regimes: 5. Exchange rate management: a partial review Stephen J. Turnovsky\u003cbr\u003e 6. Exchange rate policy and insulation from external shocks: the cases of Korea and Taiwan, 1970–90 Ramon Moreno\u003cbr\u003e 7. Trade price shocks and insulation: Australia's experience with floating rates John Pitchford\u003cbr\u003e 8. The role of the exchange rate in New Zealand monetary policy Arthur Grimes and Jason Wong\u003cbr\u003e 9. Officially floating, implicitly targeted exchange rates: examples from the Pacific Basin Helen Popper and Julia Lowell\u003cbr\u003e Part III. Intervention and Sterilization Policies: 10. Monetary policy, intervention and exchange rates in Japan Reuven Glick and Michael M. Hutchison\u003cbr\u003e 11. The signaling effect of foreign exchange intervention: the case of Japan Tsutomu Watanabe\u003cbr\u003e 12. Sterilization of the monetary effects of current account surpluses and its consequences: Korea, 1986–90 Sung Y. Kwack\u003cbr\u003e Part IV. Prospects for a Yen Bloc: 13. On the possibility of a yen bloc Takatoshi Ito\u003cbr\u003e 14. Economic fundamentals and a yen currency area for Asian Pacific Rim countries Michael Melvin, Michael Ormiston and Bettina Peiers\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46006256763160,"sku":"9780521041232","price":34.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521041232i_499586c3-419a-4a14-823a-a63a27fc1160.jpg?v=1694968589","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/exchange-rate-policy-and-interdependence-perspectives-from-the-pacific-basin-paperback-9780521041232","provider":"Freshly Printed Books","version":"1.0","type":"link"}