Monetary and Currency Policy Management in Asia draws lessons from the financial crisis of 1997–1998, and the global financial crisis of 2007–2009 and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle.
This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia.