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The Evolution of Central Banking and Monetary Policy in the Asia-Pacific

Akhand Akhtar Hossain, Associate Professor of Economics, The University of Newcastle, Australia
This book of case studies is a contribution to monetary macroeconomics in which country-specific experience and issues in inflation and monetary policy are reviewed and analysed in an historical context. In doing so, the key ideas and views on the sources and dynamics of inflation and monetary-policy behaviour are investigated after taking into account institutional arrangements for the conduct of fiscal and monetary policies. This book selects for study twelve diverse countries from the Asia-Pacific region including the US, China, Australia, India, Japan, Hong Kong SAR (China), South Korea, the Philippines, Singapore, Sri Lanka, Thailand and New Zealand.
Extent: 656 pp
Hardback Price: $200.00 Web: $180.00
Publication Date: 2015
ISBN: 978 0 85793 780 3
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  • Asian Studies
  • Asian Economics
  • Economics and Finance
  • Asian Economics
  • Money and Banking
This book of case studies is a significant contribution to monetary macroeconomics in which country-specific experience and issues in inflation and monetary policy are reviewed and analysed in an historical context. In doing so, the key ideas and views on the sources and dynamics of inflation and monetary-policy behaviour are investigated after taking into account institutional arrangements for the conduct of fiscal and monetary policies.

This book selects for study twelve diverse countries from the Asia-Pacific region including Australia, China, Hong Kong SAR (China), India, Japan, South Korea, New Zealand, the Philippines, Singapore, Sri Lanka, Thailand and the US.

In addition, the book:
• reviews the literature on inflation, inflation volatility and monetary policy issues
• examines macroeconomic developments and monetary policy regimes
• undertakes an empirical investigation of key monetary relations
• discusses institutional arrangements and draws policy implications based on empirical findings on price stability, financial stability and economic growth.

This volume will be of great value to students and researchers interested in banking, finance, and macroeconomic and monetary policy in the Asia-Pacific.
‘Hossain's book The Evolution of Central Banking and Monetary Policy in the Asia-Pacific is a welcome contribution to the understanding of the impact of different monetary policy frameworks on macroeconomic outcomes in the region. Through selected case studies focusing on twelve different countries at varying stages of development, the book brings to the table a nice blend of rich description about their historical evolution of monetary policies, as well as a competent empirical analysis of important macroeconomic variables yielding insightful policy lessons.’
– Journal of Southeast Asian Economies

‘This book will not only be of great value to researchers and academics who are interested in reading the history of central banking and monetary policy in the Asia-Pacific, but also to university students who are studying monetary economic; and central banking, as this book serves as a comprehensive textbook .’
– Asian-Pacific Economic Literature
Contents: 1. Introduction 2. Australia 3. China 4. Hong Kong, SAR of China 5. India 6. Japan 7. South Korea, 8. New Zealand 9. The Philippines 10. Singapore 11. Sri Lanka 12. Thailand 13. The United States Appendices Index