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Monetary and Currency Policy Issues: An Overview

In: Monetary and Currency Policy Management in Asia

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  • Shinji Takagi

Abstract

This book makes concrete macroeconomic policy recommendations for Asian economies aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional exchange rate cooperation; and ways to ease the constraints on policy resulting from the so-called ‘impossible trinity’ of fixed exchange rates, open capital accounts and independent monetary policy.

Suggested Citation

  • Shinji Takagi, 2012. "Monetary and Currency Policy Issues: An Overview," Chapters, in: Masahiro Kawai & Peter J. Morgan & Shinji Takagi (ed.), Monetary and Currency Policy Management in Asia, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:14414_1
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    References listed on IDEAS

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    1. Rakesh Mohan & Muneesh Kapur, 2012. "Liberalization and Regulation of Capital Flows: Lessons for Emerging Market Economies," Chapters, in: Masahiro Kawai & David G. Mayes & Peter Morgan (ed.), Implications of the Global Financial Crisis for Financial Reform and Regulation in Asia, chapter 6, Edward Elgar Publishing.
    2. Anita Doraisami, 2011. "The Global Financial Crisis : Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore," Macroeconomics Working Papers 23248, East Asian Bureau of Economic Research.
    3. Rajiv Kumar & Alamuru Soumya, 2010. "Fiscal Policy Issues for India after the Global Financial Crisis (2008–2010)," Finance Working Papers 23288, East Asian Bureau of Economic Research.
    4. Anita Doraisami, 2011. "The Global Financial Crisis : Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore," Governance Working Papers 23248, East Asian Bureau of Economic Research.
    5. Masahiro Kawai & Mario B. Lamberte (ed.), 2010. "Managing Capital Flows," Books, Edward Elgar Publishing, number 13713.
    6. Doraisami, Anita, 2011. "The Global Financial Crisis: Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore," ADBI Working Papers 288, Asian Development Bank Institute.
    7. Rajiv Kumar & Alamuru Soumya, 2010. "Fiscal Policy Issues for India after the Current Crisis," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 6(4), pages 685-720, April.
    8. Hur, Seok-Kyun & Jha, Shikha & Park, Donghyun & Quising, Pilipinas, 2010. "Did Fiscal Stimulus Lift Developing Asia out of the Global Crisis? A Preliminary Empirical Investigation," ADB Economics Working Paper Series 215, Asian Development Bank.
    9. Rajiv Kumar & Alamuru Soumya, 2010. "Fiscal Policy Issues for India after the Global Financial Crisis (2008–2010)," Macroeconomics Working Papers 23288, East Asian Bureau of Economic Research.
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