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Monetary Policy in Pacific Basin Countries - Papers Presented at a Conference Sponsored by the Federal Reserve Bank of San Francisco (Hardcover, 1988 ed.)
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Monetary Policy in Pacific Basin Countries - Papers Presented at a Conference Sponsored by the Federal Reserve Bank of San Francisco (Hardcover, 1988 ed.)
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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."
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