International financial issues in the Pacific Rim : global imbalances, financial liberalization, and exchange rate policy / Global imbalances, financial liberalization, and exchange rate policy edited by Takatoshi Ito and Andrew K. Rose. - xi, 428 pages : illustrations ; 24 cm. - NBER-East Asia seminar on economics ; v. 17 . - NBER-East Asia Seminar on Economics (Series) ; v. 17. .

Papers presented at the 17th annual East Asian Seminar in Economics, held at the Kohala Coast, Hawaii, June 22, 24, 2006.

Includes bibliographical references and index.

Introduction / Global Imbalances -- Life on the Tri-Polar Sphere: How Should Interest and Exchange Rates Realign Next? / Liquidity Risk Aversion, Debt Maturity, and Current Account Surpluses: A Theory and Evidence from East Asia / Are Currency Appreciations Contractionary in China? / Monetary Policy and Exchange Rates -- The Relationship between Openness and Inflation in NIEs and the G7 / Pass-Through of Exchange Rates to Consumption Prices: What Has Changed and Why? / Price Impacts of Deals and Predictability of the Exchange Rate Movements / Adopting a Common Currency Basket Arrangement into the ASEAN Plus Three / Liberalization, Market Access, and theCost of Capital -- Growth and Returns in Emerging Markets / Bond Markets as Conduits for Capital Flows: How Does Asia Compare? / Financial Liberalization under the WTO and Its Relationship with the Macro Economy / Cross-Border Acquisitions and Target Firms' Performance: Evidence from Japanese Firm-Level Data / Stock Market Opening and the Cost of Capital: The Case of Korea / Takatoshi Ito, Andrew K. Rose -- Michael P. Dooley, David Folkerts-Landau, Peter Garber -- Shin-ichi Fukuda, Yoshifumi Kon -- Jianhuai Shi -- Chung-Shu Wu, Jin-Lung Lin -- Jose Manuel Campa, Linda S. Goldberg -- Takatoshi Ito, Yuko Hashimoto -- Eiji Ogawa, Kentaro Kawasaki -- Peter Blair Henry, Prakash Kannan -- Barry Eichengreen, Pipat Luengnaruemitchai -- Lee-Rang Wang, Chung-Hua Shen, Ching-Yang Liang -- Kyoji Fukao, Keiko Ito, Hyeog Ug Kwon, Miho Takizawa -- Inseok Shin, Chang-Gyun Park. Part I. 1. 2. 3. Part II. 4. 5. 6. 7. Part III. 8. 9. 10. 11. 12.

"International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequalities in the trade balance, especially with Asia."--Jacket.

0226386821 9780226386829

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Capital movements--Congresses
Finance--Congresses
Finance--East Asia--Congresses
Foreign exchange rates--Congresses
Capital movements--East Asia--Congresses
Foreign exchange rates--East Asia--Congresses

HG3976.5 / .E23 2006

332.042095