极大的痛苦
发表于 2025-3-28 18:21:14
Managing the Liquidity Effects of Reserve Stockpiling in Emerging Asiat al. 2006).. While China and Japan have been the main drivers of the massive stockpiling of reserves in the region, India, Hong Kong, Korea, Singapore and Taiwan, and some middle-income Southeast Asian economies have also experienced significant swelling of their reserves since the crises (Figure 1
Hallmark
发表于 2025-3-28 20:05:44
http://reply.papertrans.cn/32/3184/318360/318360_42.png
Femish
发表于 2025-3-29 00:01:22
A Closer Examination of Exchange Rate Pass-through in Korea and ThailandFilardo 2007 and Helbling et al. 2006). An important but age-old transmission channel of global factors into domestic prices is via exchange rate movements. As noted in Chapter 2 of this volume, the transmission of exchange rate changes into import (export) prices of goods into the destination-marke
famine
发表于 2025-3-29 05:47:55
Are Crisis-Induced Devaluations Contractionary? If so, Why?erated a great deal of academic and policy interest in the causes of currency crises in emerging and developing economies. The main focus of this literature has been on whether the crisis was “inevitable” (first generation models) or “self-fulfilling” (second generation models). A common element in
pulse-pressure
发表于 2025-3-29 07:26:09
Financial Crisis, Capital Outflows and Monetary Policy Responses: Simple Analytics with Reference toossibility of a complete collapse of the European Exchange Rate Mechanism (ERM). The Italian lira and British pound withdrew from the ERM, three other currencies (the Spanish peseta, Irish pound and Danish krona) were devalued, and there was a substantial widening of the bands within which the curre
梯田
发表于 2025-3-29 12:23:14
http://reply.papertrans.cn/32/3184/318360/318360_46.png
MULTI
发表于 2025-3-29 19:15:42
How Best to Manage New-Style Currency Crises? domestic value of foreign currency debt (so-called “balance sheet effects”) which adversely affect a country’s . position and (b) “sudden stops” in capital inflows (including outright reversals) which negatively influence a country’s . position.. As Dornbusch (2001) notes:
LAP
发表于 2025-3-29 21:23:33
Can High Reserves Offset Weak Fundamentals?o be sure, between end 1990 and 2004 international reserves (excluding gold) in Asia rose from US$ 400 billion to US$ 2,600 billion (Figure 8.1; also see Chapters 1 and 9 of this volume).. Part of the motivation for the reserve accumulation may derive from a deep-rooted mercantilist desire by Asian