Titlebook: Exchange Rates, Currency Crisis and Monetary Cooperation in Asia; Ramkishen S. Rajan (Associate Professor) Book 2009 Palgrave Macmillan, a

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Palgrave Macmillan, a division of Macmillan Publishers Limited 2009

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Overview: This book concentrates on exchange rates and their macroeconomic consequences, analytical and empirical issues relating to currency crises and policy responses and monetary and financial cooperation in Asia. It is truely pan-Asia-focused with chapters on China, Japan, Korea, India and Southeast Asia.978-0-230-23419-2

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Spider and Antlion Foraging Algorithmst 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

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https://doi.org/10.1007/978-94-017-6608-1Filardo 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

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Global Culture and Sport Serieserated 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

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