Review Monetary Policy in the Aftermath of Currency Crisis

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Monetary Policy in the Aftermath of Currency Crisis High quality books

Monetary Policy in the Aftermath of Currency Crisis
By:Mr. Taimur Baig,Mr. Ilan Goldfajn
Published on 1998-12-01 by International Monetary Fund

This paper evaluates monetary policy and its relationship with the exchange rate in five Asian crisis countries. The findings are compared with previous currency crises in recent history. The paper finds no evidence of overly tight monetary policy in the Asian crisis countries in 1997 and early 1998, nor evidence that high interest rates led to weaker exchange rates. The usual trade-off between inflation and output when raising interest rates suggested the need for a softer monetary policy in the crisis countries to combat recession. However, in some countries, corporate balance sheet considerations called for the reversal of overly depreciated currencies through firmer monetary policy.

This Book was ranked at 11 by Google Books for keyword Currency crisis.

Book ID of Monetary Policy in the Aftermath of Currency Crisis's Books is pPEMLRRbh8AC, Book which was written byMr. Taimur Baig,Mr. Ilan Goldfajnhave ETAG "8RYTdfASHxk"

Book which was published by International Monetary Fund since 1998-12-01 have ISBNs, ISBN 13 Code is 9781451903645 and ISBN 10 Code is 1451903642

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Book which have "31 Pages" is Printed at BOOK under CategoryBusiness and Economics

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