dc.contributor.author Ila Patnaik
dc.contributor.author Ajay Shah
dc.description.abstract In this paper, we examine capital account openness and exchange rate flexibility in 11 Asian economies. Asia has made slow progress in de jure capital account openness, but has made much more progress in de facto capital account openness. While there has been a gradual increase in exchange rate flexibility, most Asian economies continue to have largely inflexible exchange rates. This combination of advancing de facto capital account integration without greater exchange rate flexibility has led to procyclical monetary policy, when capital flows are procyclical. This paper emphasises the need for a consistent monetary policy framework.
dc.title Asia Confronts the Impossible Trinity
dc.subject.expert Development Challenges
dc.subject.expert Development Issues
dc.subject.expert Development Problems
dc.subject.expert Microenterprises Finance
dc.subject.expert Commercial Finance Companies
dc.subject.expert Enterprise Financing
dc.subject.expert Financial Analysis
dc.subject.expert Banking Finance And Investment
dc.subject.adb Development plans
dc.subject.natural Insurers
dc.subject.natural Insurance stocks
dc.subject.natural Insurance holding companies
dc.subject.natural Insurance carriers
dc.subject.natural Insurance agencies
dc.subject.natural Business subsidies
dc.subject.natural Grants
dc.subject.natural Loans
oar.author Patnaik, Ila
oar.author Shah, Ajay
2010.03.12.wp204.asia.confront ...