The Asean Way ─ Policies for Price and Financial Stability

This work for financial economists and policymakers unites international contributors in economics and macroeconomics; most are affiliated with the International Monetary Fund. They examine the monetary policy frameworks of the ASEAN-5 economies: Indonesia, Malaysia, the Philippines, Singapore, and Thailand. They share lessons from the ASEAN-5 countries’ economic and financial policy reforms after the Asian financial crisis. The first part of the book overviews the growth of monetary policy frameworks and gives recommendations for a resilient financial sector. The second section considers policy responses to global spillovers, monetary and exchange rate policy response, and macroprudential policies. The last sections looks at systemic risks and financial stability frameworks, and the future of ASEAN-5 financial integration. The book contains many color charts. Annotation ©2018 Ringgold, Inc., Portland, OR (protoview.com)

The International Monetary Fund (IMF) is an international organization of 185 Member Countries. It was established to promote international monetary cooperation, exchange stability, and orderly exchange arrangements; to foster economic growth and high levels of employment; and to provide temporary financial assistance to countries in order to help ease balance of payments adjustments.