role in the transmission of US monetary policy shocks to floating exchange rate regimes in East Asian countries, excluding … giving up monetary autonomy due to fear of floating. On the other hand, the domestic interest rate does not respond much to …

shifting to either a basket peg or a floating regime following the PRC's transition to a basket peg regime? (ii) How and when … Singapore. Finally, a sudden shift to a floating regime is even worse than maintaining a dollar peg in both countries. …

basket peg, or to a floating regime, and obtains transition paths for the shift based on a dynamic stochastic general … Thailand and find that a small open country would be better off shifting to a basket peg or to a floating regime than … higher under a shift to a basket peg if the exchange rate fluctuates significantly. Finally, shifting to a managed-floating …

maintain a weakly managed floating regime. The People’s Republic of China (PRC) has been fostering the yuan as an international … floating. These recent developments demand a new modality of monetary cooperation among the Republic of Korea, Japan, and the …