Showing 1 - 10 of 121
In this paper, we examine capital account openness and exchange rate flexibility in 11 Asian economies. Asia has made …
Persistent link: https://www.econbiz.de/10009365470
This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special Drawing Rights (SDR) cannot serve as either an international medium of exchange or a reserve...
Persistent link: https://www.econbiz.de/10011278046
This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special Drawing Rights (SDR) cannot serve as either an international medium of exchange or a reserve...
Persistent link: https://www.econbiz.de/10011278144
This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special Drawing Rights (SDR) cannot serve as either an international medium of exchange or a reserve...
Persistent link: https://www.econbiz.de/10011278200
inherent in the current global financial system. Asia was adversely affected by the crisis not only because of its dependence …, extending the trade settlement scheme to the rest of Asia and appending a government bond payment and securities settlement …
Persistent link: https://www.econbiz.de/10011134337
This paper analyzes the evolution of East Asian monetary policy frameworks over the past two decades, chiefly in response to shocks from the Asian financial crisis of 1997–1998 and the global financial crisis (GFC) of 2007–2009. The Asian financial crisis showed the importance of...
Persistent link: https://www.econbiz.de/10011134345
inherent in the current global financial system. Asia was adversely affected by the crisis not only because of its dependence …, extending the trade settlement scheme to the rest of Asia and appending a government bond payment and securities settlement …
Persistent link: https://www.econbiz.de/10011134368
This paper analyzes the evolution of East Asian monetary policy frameworks over the past two decades, chiefly in response to shocks from the Asian financial crisis of 1997–1998 and the global financial crisis (GFC) of 2007–2009. The Asian financial crisis showed the importance of...
Persistent link: https://www.econbiz.de/10011134379
The paper gives an assessment of the progress made in developing local debt markets in emerging Asia. Market … scale, efficiency, and access. With rapid economic growth in Asia, a key challenge is to generate financial assets that can …
Persistent link: https://www.econbiz.de/10009651614
New lessons, challenges, and debates have emerged from the subprime crisis in the United States. While the macroeconomic orientation is not new and has always been among the classic toolkits of central banks for ensuring financial stability, the current explicit articulation and specification of...
Persistent link: https://www.econbiz.de/10009651640