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Economic Issues in Asia: Foreign Exchange Reserves, Exchange Rate Regimes, and Monetary Policy; and Develop. the Market for Local Currency Bonds by Foreign Issuers
(1) Outlines issues arising from rapid foreign exc

Our Price: $25.00
By Akiko Terada-Hagiwara (au); Tobias C. Hoschka (au)
Year: 2005
Pages: 57
Binding Paperback

Product Code: 142230017X

(1) Outlines issues arising from rapid foreign exchange reserve accum. in Asia. Focuses on the Peopleís Rep. of China & India for the significance of the accum. fed by surges in capital inflows. Adjust. of exchange rate policies are called for to have more freedom in policy options, though incentives to live with exchange rate fluctuations are still limited. (2) Surveys the experience of countries in the East Asian region that have introduced local currency bonds by foreign issuers: Australia; Hong Kong, China; Japan; Rep. of Korea; & Singapore. There are sound reasons for many countries to develop the market for foreign issuers. Benefits & potential issues are analyzed, devít. policies are reviewed, & policy options are discussed. Illus.

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