Exchange Rates, Currency Crisis and Monetary Cooperation in Asia

Preface and Introduction Acknowledgements PART I: EXCHANGE RATES AND MACROECONOMIC CONSEQUENCES Managing the Liquidity Effects of Reserve Stockpiling in Emerging Asia; A.Ouyang  & T.Willett What is the Impact of Exchange Rate Changes on inflation in Asia?; A.Ghosh A Closer Examination of Exchange Rate Pass-through in Korea and Thailand; A.Ghosh PART II: IMPACT OF CURRENCY CRISIS AND MONETARY POLICY Are Crisis-Induced Devaluations Contractionary? If So,Why? S.Chung-Hua Financial Crisis, Capital Outflows and Monetary Policy Responses: Simple Analytics with Reference to East Asia Understanding Currency Crisis and Monetary Policy Responses in Emerging Economies; M.Paraulkar How to Manage New-Style Currency Crises? Can High Reserves Offset Weak Fundamentals?;  J.Li PART III: MONETARY AND FINANCIAL COOPERATION IN ASIA Examining the Case for a Regional Reserve Pool; R.Siregar  & G.Bird Taking Stock of Monetary and Financial Cooperation in Asia Is there a Role for an Asian Currency Unit (ACU)?; V.Pontines