Evolution Of Exchange Rate Behavior In The Asean 5 Countries
Download Evolution Of Exchange Rate Behavior In The Asean 5 Countries full books in PDF, epub, and Kindle. Read online free Evolution Of Exchange Rate Behavior In The Asean 5 Countries ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
| Author | : Mr.Vladimir Klyuev |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 2016-09-06 |
| Genre | : Business & Economics |
| ISBN | : 1475533187 |
Download Evolution of Exchange Rate Behavior in the ASEAN-5 Countries Book in PDF, Epub and Kindle
This paper examines exchange rate behavior in the ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand). It finds that for the last 10 years there is no evidence that their central banks target particular exchange rate levels against any currency or basket. Thus, contrary to some assertions, they do not belong to a U.S. dollar club, a Japanese yen club, a Chinese renminbi club, or an ASEAN club. At the same time, they clearly try to smooth short-term volatility, particularly vis-à-vis the U.S. dollar. The degree of smoothing declined noticeably after the Asian Financial Crisis and less obviously after the Global Financial Crisis, with heterogeneity across countries. Short-term smoothing without level targeting does not interfere with monetary policies aimed at price stability.
| Author | : International Monetary Fund. Asia and Pacific Dept |
| Publisher | : International Monetary Fund |
| Total Pages | : 58 |
| Release | : 2016-06-30 |
| Genre | : Business & Economics |
| ISBN | : 1498308740 |
Download Asean-5 Cluster Report Book in PDF, Epub and Kindle
This paper examines the evolution of monetary policy frameworks of the Association of Southeast Asian Nations (ASEAN)-5 economies, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policies in advanced economies. Monetary policy frameworks of the ASEAN-5 economies have on the whole performed well since the crisis, delivering both price and financial stability during a period of significant domestic and regional transformation and global macroeconomic and financial turmoil. Not surprisingly, therefore, successful outcomes in most cases entailed significant changes to operating frameworks and refinement of policy objectives.
| Author | : Mr.Vladimir Klyuev |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 2016-08-08 |
| Genre | : Business & Economics |
| ISBN | : 1475523866 |
Download Evolution of Exchange Rate Behavior in the ASEAN-5 Countries Book in PDF, Epub and Kindle
This paper examines exchange rate behavior in the ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand). It finds that for the last 10 years there is no evidence that their central banks target particular exchange rate levels against any currency or basket. Thus, contrary to some assertions, they do not belong to a U.S. dollar club, a Japanese yen club, a Chinese renminbi club, or an ASEAN club. At the same time, they clearly try to smooth short-term volatility, particularly vis-à-vis the U.S. dollar. The degree of smoothing declined noticeably after the Asian Financial Crisis and less obviously after the Global Financial Crisis, with heterogeneity across countries. Short-term smoothing without level targeting does not interfere with monetary policies aimed at price stability.
| Author | : Aleth Yenko |
| Publisher | : Institute of Southeast Asian |
| Total Pages | : 46 |
| Release | : 1982 |
| Genre | : Foreign exchange |
| ISBN | : 9971902346 |
Download Exchange Rate Regimes of ASEAN Countries Book in PDF, Epub and Kindle
A theoretical framework, based on existing literature, which could serve as a guide for developing countries in choosing an appropriate exchange rate regime in the present system of generalized floating. The exchange rate regimes of the ASEAN countries are then evaluated in terms of the framework.
| Author | : Abdalrahman Awad Abudalu |
| Publisher | : |
| Total Pages | : 15 |
| Release | : 2013 |
| Genre | : |
| ISBN | : |
Download The Determinants of Exchange Rate on ASEAN-5 Countries Book in PDF, Epub and Kindle
This paper presents the empirical study on long-run and short-run forcing variables of purchasing power parity (PPP) for ASEAN-5 currencies vis-a-vis the U.S. dollar, i.e., their real effective exchange rate (REER). This study uses a recently developed autoregressive distributed lag (ARDL) approach to co-integration (Pesaran et al., 2001) over the period 1991:Q1 - 2006:Q2. Our empirical results suggest that the domestic money supply (M1) for Malaysia is in the long-run only, while for Indonesia, Philippines, and Singapore are in the long and short run is a significant long run forcing variable of PPP for countries' REER. However, the results suggested that, the domestic interest rate (R) is a long run and short run forcing variable of PPP for Malaysia, Philippines, Singapore and Thailand REERs. The findings can derive policy implication for the monetary authorities in these ASEAN-5 countries.
| Author | : Ms.Ana Corbacho |
| Publisher | : International Monetary Fund |
| Total Pages | : 311 |
| Release | : 2018-10-02 |
| Genre | : Business & Economics |
| ISBN | : 1513558900 |
Download The ASEAN Way Book in PDF, Epub and Kindle
The first part of the book examines the evolution of monetary policy and prudential frameworks of the ASEAN5, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policy in advanced economies. The second part of the book looks at policy responses to global financial spillovers. The third and last part of the book elaborates on the challenges ahead for monetary policy, financial stability frameworks, and the deepening of financial markets.
| Author | : Mr.Sonali Das |
| Publisher | : International Monetary Fund |
| Total Pages | : 31 |
| Release | : 2019-03-07 |
| Genre | : Business & Economics |
| ISBN | : 1498302025 |
Download China’s Evolving Exchange Rate Regime Book in PDF, Epub and Kindle
China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over time but is still carefully managed, and depth and liquidity in the onshore FX market is relatively low compared to other countries with de jure floating currencies. Allowing a greater role for market forces within the existing regime, and greater two-way flexibility of the exchange rate, are important steps to build on the progress already made. This should be complemented by further steps to develop the FX market, improve FX risk management, and modernize the monetary policy framework.
| Author | : International Monetary Fund. Research Dept. |
| Publisher | : International Monetary Fund |
| Total Pages | : 20 |
| Release | : 2016-09-30 |
| Genre | : Business & Economics |
| ISBN | : 1475544162 |
Download IMF Research Bulletin, September 2016 Book in PDF, Epub and Kindle
The September 2016 issue of the IMF Research Bulletin includes the following two Research Summaries: “A New Look at Bank Capital” (by Jihad Dagher, Giovanni Dell’Ariccia, Luc Laeven, Lev Ratnovski, and Hui Tong) and “Does Growth Create Jobs?: Evidence for Advance and Developing Economies (by Zidong An, Nathalie Gonzalez Prieto, Prakash Loungani, and Saurabh Mishra). The Q&A article by Rabah Arezki discusses “Seven Questions on Rethinking the Oil Market in the Aftermath of the 2014-16 Price Slump.” A listing of recent IMF Working Papers, Staff Discussion Notes, and Recommended Readings from IMF Publications are also included. Readers can also find an announcement on the 2016 Annual Research Conference and links to top cited 2015 articles in the IMF Economic Review.
| Author | : Geraldine Dany-Knedlik |
| Publisher | : International Monetary Fund |
| Total Pages | : 37 |
| Release | : 2018-06-21 |
| Genre | : Business & Economics |
| ISBN | : 1484363043 |
Download Monetary Policy and Inflation Dynamics in ASEAN Economies Book in PDF, Epub and Kindle
This paper investigates the evolution of inflation dynamics in the five largest ASEAN countries between 1997 and 2017. To account for changes in the monetary policy frameworks since the Asian Financial Crisis (AFC), the analysis is based on country-specific Phillips curves allowing for time-varying parameters. The paper finds evidence of a higher degree of forward-looking dynamics and a better anchoring of inflation expectations, consistent with the improvements in monetary policy frameworks in the region. In contrast, the quantitative impact of cyclical fluctuations and import prices has gradually diminished over time.
| Author | : Kimura, Fukunari |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 496 |
| Release | : 2021-12-09 |
| Genre | : Social Science |
| ISBN | : 1788975162 |
Download Handbook on East Asian Economic Integration Book in PDF, Epub and Kindle
This comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as agricultural development, structural transformation and East Asian trade, alongside skills and human capital development policies of ASEAN. Contributors also provide detailed explanations on trade, poverty and Aid for Trade, institutional reforms, regulatory reform and measuring integration.
