Exchange Rate Systems And Policies In Asia

by Paul Sau Leung Yip

Overview

This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China's latest exchange rate system reform.

Product Details

ISBN-13:	9789812834508
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	11/07/2008
Pages:	196
Product dimensions:	7.20(w) x 10.00(h) x 0.60(d)

Table of Contents

Introduction: Important Lessons from Some Major Exchange Rate and Monetary Experiences in Asia Paul S. L. Yip vii

The International Monetary Fund and Exchange Rate Crisis Management Chong-Yah Lim 1

The Case for an Intermediate Exchange Rate Regime John Williamson 11

Japan's Deflationary Hangover: Wage Stagnation and the Syndrome of the Ever-Weaker Yen Ronald McKinnon 25

Managing Flexibility: Japanese Exchange Rate Policy, 1971-2007 Shinji Takagi 51

China's Exchange Rate System Reform Paul S. L. Yip 79

The Fog Encircling the Renminbi Debate Yin-Wong Cheung Menzie D. Chinn Eiji Fujii 119

Insulation of India from the East Asian Crisis: An Analysis Pami Dua Arunima Sinha 135

Singapore's Exchange Rate Policy: Some Implementation Issues Hwee-Kwan Chow 161