Similar Search Results

Are Asian economies exempt from the "impossible trinity?": evidence from Singapore

Moreno, Ramon; Spiegel, Mark M. - Center for Pacific Basin Monetary and Economic Studies, … - 1997

Persistent link: https://www.econbiz.de/10005078371

Borrowing constraints and asset market dynamics: evidence from the Pacific Basin

Kasa, Kenneth - Center for Pacific Basin Monetary and Economic Studies, … - 1998

price data from Hong Kong, Japan, and Korea. It is shown that the welfare costs of borrowing constraints are positively … fluctuations are relatively transitory, to 11 percent of GDP in Japan, where land price fluctuations are the most persistent. …

Persistent link: https://www.econbiz.de/10005724154

Liberalization of Korea's foreign exchange markets

Frankel, Jeffrey A. - Center for Pacific Basin Monetary and Economic Studies, … - 1992

Persistent link: https://www.econbiz.de/10005078381

Fixed or floating: is it still possible to manage in the middle?

Glick, Reuven - Center for Pacific Basin Monetary and Economic Studies, … - 2000

Persistent link: https://www.econbiz.de/10010641743

Pegging and macroeconomic performance in East Asia

Moreno, Ramon - Center for Pacific Basin Monetary and Economic Studies, … - 2000

Persistent link: https://www.econbiz.de/10010641744

Macroeconomic behavior during periods of speculative pressure or realignment: evidence from Pacific Basin economies

Moreno, Ramon - Center for Pacific Basin Monetary and Economic Studies, … - 1995

This paper uses non-parametric tests to provide a description of the "stylized facts" associated with episodes of speculative pressure in foreign exchange markets in Pacific Basin Economies, and to see whether these "stylized facts" appear to be broadly consistent with the alternative...

Persistent link: https://www.econbiz.de/10005410544

Monetary policy and the currency denomination of debt: a tale of two equilibria

Chang, Roberto; Velasco, Andres - Center for Pacific Basin Monetary and Economic Studies, … - 2004

Exchange rate policies depend on portfolio choices, and portfolio choices depend on anticipated exchange rate policies. This opens the door to multiple equilibria in policy regimes. We construct a model in which agents optimally choose to denominate their assets and liabilities either in...

Persistent link: https://www.econbiz.de/10005410562

Sterilization costs and exchange rate targeting

Kletzer, Kenneth; Spiegel, Mark - Center for Pacific Basin Monetary and Economic Studies, … - 1999

This paper examines the movements of exchange rates and capital flows in an environment where an optimizing central bank pursuing the joint goals of inflation and output targeting engages in costly sterilization activities. Our results predict that when faced with increased sterilization costs,...

Persistent link: https://www.econbiz.de/10005410565

ASEAN in a regional perspective

Frankel, Jeffrey; Wei, Shang-Jin - Center for Pacific Basin Monetary and Economic Studies, … - 1996

There are two striking conventional wisdoms about the status of regional trading blocs in East Asia. The first is that … members is thought to be very low. The second is that East Asia taken as a whole does function as a trading and investment … bilateral trade. The same is true of trade within East Asia more broadly (or trade within an ASEAN-Australia-New Zealand …

Persistent link: https://www.econbiz.de/10005078366

APEC and other regional economic arrangements in the Pacific

Frankel, Jeffrey A.; Wei, Shang-Jin; Stein, Ernesto - Center for Pacific Basin Monetary and Economic Studies, … - 1994

Persistent link: https://www.econbiz.de/10005078374