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In recent policy debates some have argued that expansionary monetary policy in Japan can increase real output in Japan … and in Japan's neighbors, while others have warned that it is a beggar-thy-neighbor policy. In this paper we estimate …-thy-neighbor view. We estimate that the Asian crisis was preceded by expansionary monetary policy shocks in Japan, but we fail to find …
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"The purpose of this seminar was to review experiences of economies in the Asia-Pacific region with currency internationalisation and to assess the prospects for further internationalisation, emphasising the policy implications facing central banks if current trends continue. Lessons learned...
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