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Studies in East Asian economiescapit...

Handa, Jagdish.

Studies in East Asian economiescapital flows, exchange rates and monetary policy /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Studies in East Asian economiesJagdish Handa, Shibeshi Ghebre Kahsay.
Reminder of title:	capital flows, exchange rates and monetary policy /
Author:	Handa, Jagdish.
other author:	Kahsay, Shibeshi Ghebre.
Published:	Singapore ;World Scientific Pub. Co.,c2011.
Description:	xi, 271 p. :ill. (some col.)
Subject:	EconomicsEast Asia.
Online resource:	http://www.worldscientific.com/worldscibooks/10.1142/8067#t=toc
ISBN:	9789814338950 (electronic bk.)

Studies in East Asian economiescapital flows, exchange rates and monetary policy /
Handa, Jagdish.

Studies in East Asian economiescapital flows, exchange rates and monetary policy /[electronic resource] :Jagdish Handa, Shibeshi Ghebre Kahsay. - Singapore ;World Scientific Pub. Co.,c2011. - xi, 271 p. :ill. (some col.)

Includes bibliographical references (p. 253-265) and index.

This book includes three economic/econometric studies on four East Asian countries (Indonesia, Malaysia, Philippines and Thailand) and two studies on China. The four East Asian economies, designated at one time as 'economic tigers', provide important and interesting case studies on periods of very rapid growth with heavy capital inflows, followed by financial and economic crises. The three studies on these countries examine the impact of heavy capital inflows on growth, real exchange rates and the conduct of domestic monetary policy during the period 1970-96, which immediately preceded their financial crises of 1997-98. At a more general level, they shed light on the contributions that capital inflows make to small open economies and how these inflows impact on their exchange rates and monetary policies. The two studies on China examine the adequacy of capital flows to it and its monetary policies. In recent years, while China has been among the biggest recipients of capital inflows, our study on it finds that these inflows are still considerably short of the amounts that perfect capital flows would imply. Regarding China's pursuit of monetary policy, our study is the first one to question whether interest rates or monetary aggregates are appropriate instruments for the control of the economy. Our finding is that its large informal sector and black money holdings make the use of monetary aggregates the more appropriate policy instrument. This finding contrasts with the usual one for financially developed economies that interest rate targeting and a Taylor rule provide the applicable monetary policy framework.

Electronic reproduction.
Singapore :
World Scientific Publishing Co.,
2011.

System requirements: Adobe Acrobat Reader.

ISBN: 9789814338950 (electronic bk.)Subjects--Topical Terms:

575318
Economics
--East Asia.

LC Class. No.: HC460.5

Dewey Class. No.: 338.95

Studies in East Asian economiescapital flows, exchange rates and monetary policy /
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