Monetary Policy in Pacific Basin Countries

Papers Presented at a Conference Sponsored by the Federal Reserve Bank of San Francisco

  • Hang-Sheng Cheng

Table of contents

  1. Front Matter
    Pages i-vii
  2. Overview

    1. Front Matter
      Pages 1-1
    2. Hang-Sheng Cheng, Reuven Glick
      Pages 3-14
  3. Issues

    1. Front Matter
      Pages 15-15
    2. Donald J. Mathieson
      Pages 43-80
    3. Donato Masciandaro, Guido Tabellini
      Pages 125-152
    4. Maxwell J. Fry, David M. Lilien, Wilima Wadhwa
      Pages 153-170
  4. Countries

    1. Front Matter
      Pages 171-171
    2. Thomas Mayer
      Pages 201-225
    3. Thomas F. Cargill, Michael M. Hutchison
      Pages 227-246
    4. Kevin Davis, Mervyn Lewis
      Pages 247-278
    5. John G. Greenwood
      Pages 303-319
    6. V. Sundararajan, Lazaros Molho
      Pages 321-351
    7. Thomas A. Layman
      Pages 353-379
    8. Robert F. Emery
      Pages 381-399
    9. Hang-Sheng Cheng
      Pages 401-429
  5. Back Matter
    Pages 431-455

About this book


The chapters in this book are based on papers prepared for a conference organized by the Federal Reserve Bank of San Francisco, held at the bank September 23-25, 1987, to review and compare monetary policy experiences of Pacific Basin countries during the past 15 years. The theme of the conference was conceived with two purposes in mind. First, there was (and still is) a great need to enhance knowledge on the workings of economies in the Pacific Basin, which has been the fastest growing region in the world economy during the past 30 years. While much has been written on Pacific Basin trade and economic growth, relatively few studies have been published on the conduct of monetary policy in these economies. Second, as we in the United States and others elsewhere have learned, rapid financial market changes over the last 15 years have led to considerable adjustment in the conduct of monetary policy. A comparative study of various national experiences can yield insights into the inter­ actions between monetary policy and financial market changes more than is obtainable by examining indi vidual national experiences separately.


Bank China Inflation Japan exchange rates monetary policy

Editors and affiliations

  • Hang-Sheng Cheng
    • 1
  1. 1.Federal Reserve Bank of San FranciscoUSA

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1988
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-7711-8
  • Online ISBN 978-94-009-2685-1
  • Buy this book on publisher's site