This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems,...

When monetary policy was still largely confined to the setting of interest rates and conventional open market operations, monetary policy implementation could be considered a technical issue beyond the scope for academic analysis. This has changed with the advent of the so-called unconventional...

Frank Rövekamp, Hanns Günther Hilpert: Currency Area East Asia – Cooperation or Confrontation? - Patrick Hess: China’s Financial System: Past Reforms, Future Ambitions and Current State -- Franz Waldenberger: Japan’s New Monetary Policy – Some Critical Questions -- Ulrich Volz: RMB...

Introduction: Financial Stability in East Asia - A Tentative Assessment -- History and Legal Framework of the People's Bank of China -- The Independence of the Bank of Japan in the Light of Statutory Rules and Central Bank Independence Indices -- The Legal Framework for the European System of...

Chapter 1. Measuring and Fighting for Price Stability in Turbulent Times: Lessons from East Asia -- Chapter 2. The Mirages of Hedonics: Quantitative Analysis of Technological Innoation Contained in Inflation Rates -- Chapter 3. Unravelling the Mystery of Low Inflation in Korea during the Period...