Financial Liberalization And The Information Content Of Money In Indonesia Korea And The Philippines PDF Download
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| Author | : Mr.A. Javier Hamann |
| Publisher | : International Monetary Fund |
| Total Pages | : 44 |
| Release | : 1993-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1451851081 |
Download Financial Liberalization and the Information Content of Money in Indonesia, Korea, and the Philippines Book in PDF, ePub and Kindle
Using a VAR approach, this paper studies the relationship between money, output, and prices in a group of Pacific Basin countries that underwent financial sector reform during the 1980s: Indonesia, Korea, and the Philippines. Special attention is paid to assessing the information content of money. Money was found to contain valuable advance information on output and prices in Korea, on prices only in the Philippines, and did not contain any advance information in Indonesia. The introduction of financial sector reform was not found to lead to a structural break in the price and output equations; however, the information content of money was affected. Further tests show that exchange and interest rates—variables that gained flexibility with the reforms—contain valuable information about future developments in prices in Korea and the Philippines.
| Author | : Carl-Johan Lindgren |
| Publisher | : |
| Total Pages | : 103 |
| Release | : 1999 |
| Genre | : Business & Economics |
| ISBN | : 9781557758712 |
Download Financial Sector Crisis and Restructuring Book in PDF, ePub and Kindle
An IMF paper reviewing the policy responses of Indonesia, Korea and Thailand to the 1997 Asian crisis, comparing the actions of these three countries with those of Malaysia and the Philippines. Although all judgements are still tentative, important lessons can be learned from the experiences of the last two years.
| Author | : Maria Soledad Martinez Peria |
| Publisher | : World Bank Publications |
| Total Pages | : 86 |
| Release | : 2000 |
| Genre | : Banks and banking |
| ISBN | : |
Download The Impact of Banking Crises on Money Demand and Price Stability Book in PDF, ePub and Kindle
Policymakers in countries undergoing banking crises should not worry about the structural stability of money demand functions; the behavior of money demand during crises can be modeled by the same function used during periods of tranquility. But policymakers should be aware that in some instances crises can give rise to variance instability in the price or inflation equations.
| Author | : Peter J. Quirk |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 1994-08-01 |
| Genre | : Business & Economics |
| ISBN | : 1451950055 |
Download Adopting Currency Convertibility Book in PDF, ePub and Kindle
This paper analyses issues for developing countries with structurally sound balance of payments that are considering a move to full currency convertibility. The main experiences of industrial countries in their decontrol of international capital transactions are reviewed, with an emphasis on the implications for monetary policy. The paper deals both with stabilization, and the prudential issues, which are especially important in view of the potential for speculative bubbles. Respective roles of the international organizations, IMF, OECD, and the GATT, in assisting the capital liberalization process are discussed.
| Author | : Christina Stahn |
| Publisher | : |
| Total Pages | : 272 |
| Release | : 2000 |
| Genre | : Business & Economics |
| ISBN | : |
Download Financial Liberalization and Its Impact on Monetary Policy Book in PDF, ePub and Kindle
The focus of this study is to identify similarities and differences of monetary policy in Korea, Indonesia, Malaysia, Chile, Argentina, and Mexico following diverging financial liberalization strategies. The evolution of monetary transmission channels, targets and instruments is examined in connection with the timing and sequencing of financial reforms. Money demand functions are analyzed with respect to stability, causality, and structural breaks. It is shown that the gradual (Asian) liberalization strategy affected monetary policy in a different way than the big-bang (Latin American) approach. Constraints on monetary management are imposed by complex monetary transmission channels changing in view of financial sector crises, alterations in exchange rate regimes, and the increasing globalization of financial markets.
| Author | : Iwan J. Azis |
| Publisher | : Springer |
| Total Pages | : 129 |
| Release | : 2014-12-11 |
| Genre | : Business & Economics |
| ISBN | : 9812872841 |
Download Managing Elevated Risk Book in PDF, ePub and Kindle
This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.
| Author | : |
| Publisher | : |
| Total Pages | : 586 |
| Release | : 1994 |
| Genre | : Finance |
| ISBN | : |
Download IMF Working Paper Book in PDF, ePub and Kindle
| Author | : Mr.George S. Tavlas |
| Publisher | : International Monetary Fund |
| Total Pages | : 61 |
| Release | : 1991-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1451930992 |
Download The Japanese Yen as an International Currency Book in PDF, ePub and Kindle
The role of the Japanese yen as an international currency is assessed. It is found that the determinants of international-currency use imply some increase for the yen’s use in international finance; however, the implications for the yen’s use in international trade are mixed. It is also shown that, despite Japan’s emergence as the world’s largest net creditor nation, Japan’s capital outflows have not significantly facilitated the yen’s internationalization. Data are presented showing that, although the yen’s use as an international currency has increased, it is still rather modest. Wider use of the yen as a regional currency in Asia has occurred, though a “yen-zone” does not appear to be emerging.
| 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.Angel J. Ubide |
| Publisher | : International Monetary Fund |
| Total Pages | : 67 |
| Release | : 1999-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1451844646 |
Download The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform Book in PDF, ePub and Kindle
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
