Foreign exchange intervention is widely used as a policy tool, particularly in emerging markets, but many facets of this tool remain limited, especially in the context of flexible exchange rate regimes. The Latin American experience can be informative because some of its largest countries...

Financial (unofficial) dollarization is widely seen as a critical source of financial fragility in both developing and emerging economies. This volume provides a rigorous and balanced perspective on the causes and implications of dollarization, and the basic policies and options to deal with it:...

Exchange rate arrangements for emerging East Asia / Duck-Koo Chung and Barry Eichengreen -- Global imbalances and East Asian monetary cooperation / Masaru Yoshitomi -- Toward East Asian monetary and financial cooperation : a Chinese perspective / Yongding Yu -- The linkage between trade...

There have been important advances in monetary economics and macroeconomics recently. In macroeconomics there has been the paramount development of the New Consensus Macroeconomics along with significant policy implications, thereby giving rise to the notion of New Monetary Policy. This book...