The focus of this study is to identify similarities and differences of monetary policy in Korea, Indonesia, Malaysia, Chile, Argentina, and Mexico following diverging financial liberalization strategies. The evolution of monetary transmission channels, targets and instruments is examined in connection with the timing and sequencing of financial reforms. Money demand functions are analyzed with respect to stability, causality, and structural breaks. It is shown that the gradual (Asian) liberalization strategy affected monetary policy in a different way than the big-bang (Latin American) approach. Constraints on monetary management are imposed by complex monetary transmission channels changing in view of financial sector crises, alterations in exchange rate regimes, and the increasing globalization of financial markets.
Product Identifiers
Publisher
Peter Lang
ISBN-13
9783631360736
eBay Product ID (ePID)
128875037
Product Key Features
Subject Area
Political Science
Author
Christina Stahn
Publication Name
Financial Liberalization and Its Impact on Monetary Policy: A Comparative Study on Asia and Latin America
Format
Paperback
Language
English
Subject
Economics
Publication Year
2000
Type
Textbook
Number of Pages
268 Pages
Dimensions
Item Height
210mm
Item Width
148mm
Volume
2650
Item Weight
360g
Additional Product Features
Title_Author
Christina Stahn
Issn
0531-7339
Series Title
Europaische Hochschulschriften Reihe 5: Volks- Und Betriebswirtschaft