MONETARY AND CURRENCY POLICY MANAGEMENT IN ASIA
Book ID/图书代码： 04289512B52688
English Summary/英文概要： Asian economies strengthened their monetary and currency management after the Asian financial crisis of 1997–1998, and came through the global financial crisis of 2007–2009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows.
Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called ‘impossible trinity’ of fixed exchange rates, open capital accounts and independent monetary policy.
This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics and also economic development.
Chinese Summary/中文概要： 1997 -1998年亚洲金融危机后，亚洲经济体加强了他们对货币和现金流的管理，从而安然度过了2007 -2009年的全球金融危机。然而，近期的全球危机又提出了新的挑战。这本书为亚洲经济体的货币与现金流政策提出了发展性建议，旨在促进处于全球经济冲击和游资流动环境下的宏观经济以及财政稳定。 《亚洲货币和现金流政策管理》，从危机中汲取教训，并提出了对宏观经济政策的具体建议。意在使经济与金融衰退的影响最小化，为可持续增长提前回归作好准备。该书侧重于周期相关性的短期措施。它强调了三个主要方面：货币政策措施，包括常规与非常规性（措施），以实现宏观经济与财政稳定；汇率政策与外汇储备管理，包括潜在的区域合作，以便稳定货币波动；以及缓解因固定汇率制度的“三元悖论”原理导致的政策约束，开放资本账户和独立货币政策。
这是自全球金融危机以来的第一批书之一，它具体而全面地阐释了新兴市场经济（尤其是在亚洲）中货币与现金流危机的含义。该书提供了金融改革与监管政策的广泛选择，肯定能引起该领域金融专家和决策者，以及在金融、亚洲经济和经济发展界的学者与研究人员的浓厚兴趣。(LNL)
Awards/获奖情况：
About the Author/作者介绍： 该书由Masahiro Kawai，日本东京亚洲开发银行研究所院长兼首席执行官；Peter J. Morgan，日本东京亚洲开发银行研究所高级研究顾问，以及Shinji Takagi，日本大阪大学经济研究所教授编辑。 Edited by Masahiro Kawai, Dean and CEO, Asian Development Bank Institute, Tokyo, Japan, Peter J. Morgan, Senior Consultant for Research, Asian Development Bank Institute, Tokyo, Japan and Shinji Takagi, Professor, Graduate School of Economics, Osaka University, Japan
Format:HARDCOVER
Rights Status/版权销售情况：Simplified Chinese/简体中文：AVAILABLE
Complex/Traditional Chinese/繁体中文：AVAILABLE
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