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For a country that chooses not to "permanently" fix its exchange rate through a currency board, or a common currency, or some kind of dollarization, the only alternative monetary policy that can w...
This study empirically compares, for the first time, the popular exchange-rate-targeting regime with the recently emerged inflation-targeting framework in developing countries. Applying a variety of p...
This paper seeks to outline issues arising from rapid foreign exchange reserve accumulations in Asia. Attention is paid to People’s Republic of China and India for the significance of the accumulati...
Kaldor's policy proposal on exchange rate, which is based on his export-led growth model, is unilateral. By introducing the institutional analysis of wages and exchange rates into Kaldor's model and ...
This paper estimates the value of the RCU as a weighted average of East Asian currencies following the method used to calculate the ECU. The weight of component currencies is determined on the basis o...
This paper explores the patterns of exchange rate pass-through (EPT) into domestic inflation in the East Asia economies. In our empirical analysis framework, we emphasized the role of inflation enviro...
Kaldor's policy proposal on exchange rate, which is based on his export-led growth model, is unilateral. By introducing the institutional analysis of wages and exchange rates into Kaldor's model and m...

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