The contributors demonstrate that proficient monetary policy and banking regulation can be achieved through sound economic analysis that takes into account:
· monetary aggregates in monetary policy
· the role of exchange rate policies in the Asian crisis
· the relationship between the exchange rate, capital flows and central bank intervention
· similarities between the restructuring of banking systems in Asia and in Eastern Europe following the fall of communism.
This book will appeal to academics and researchers of macroeconomics - especially those with a particular interest in monetary theory and policy. Economic analysts, commercial banks, financial institutions and specialists in financial crisis will also find the book to be a fascinating read.
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