Macroeconomic linkage

Takatoshi Itō, Anne O. Krueger

This volume explores the macroeconomic experience of East Asia in the 1980s and the impact of the region's growth on the rest of the world. The authors examine variables such as current account surpluses and deficits, as well as the ways in which exchange rate fluctuations in today's global economy affect the economies of countries not only in the same region but across the globe. These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rates on industrial structure; and the potential for greater regional integration. The contributors cover topics such as interactions among exchange rate movements, trade balances, and capital flows in Japan, Korea, and Taiwan, and the impact of exchange rates on industrial structure,...

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