Abstract
Preface and Introduction Acknowledgements PART I: EXCHANGE RATES AND MACROECONOMIC CONSEQUENCES Managing the Liquidity Effects of Reserve Stockpiling in Emerging Asia A.Ouyang & T.Willett What is the Impact of Exchange Rate Changes on inflation in Asia? A.Ghosh A Closer Examination of Exchange Rate Pass-through in Korea and Thailand A.Ghosh PART II: IMPACT OF CURRENCY CRISIS AND MONETARY POLICY Are Crisis-Induced Devaluations Contractionary? If So,Why? S.Chung-Hua Financial Crisis, Capital Outflows and Monetary Policy Responses: Simple Analytics with Reference to East Asia Understanding Currency Crisis and Monetary Policy Responses in Emerging Economies M.Paraulkar How to Manage New-Style Currency Crises? Can High Reserves Offset Weak Fundamentals? J.Li PART III: MONETARY AND FINANCIAL COOPERATION IN ASIA Examining the Case for a Regional Reserve Pool R.Siregar & G.Bird Taking Stock of Monetary and Financial Cooperation in Asia Is there a Role for an Asian Currency Unit (ACU)? V.Pontines
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