Exchange Rate Policy and Interdependence by Reuven Glick, Mic... - 9780521041232

Exchange Rate Policy and InterdependencePerspectives from the Pacific Basin\nAuthor(s): Reuven Glick, Michael Hutchison\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521041232, 978-0521041232\nSynopsis\nWhy countries choose different exchange rate arrangements and how these arrangements affect domestic monetary policy control and macroeconomic stability are questions of substantial interest to policy makers and researchers alike. The countries of the Pacific Basin region offer a wide variety of examples for the comparative study of the implications of different exchange rate arrangements. The essays in this volume examine the degree of financial interdependence and the conduct of exchange rate and monetary policy among Pacific Basin countries. The essays address four broad issues: one, the degree of regional financial market integration in the Pacific Basin, two, the implications of choosing different exch.