Monetary Policy in the Aftermath of Currency Crises : The Case of Asia /

This paper evaluates monetary policy and its relationship with the exchange rate in five Asian crisis countries. The findings are compared with previous currency crises in recent history. The paper finds no evidence of overly tight monetary policy in the Asian crisis countries in 1997 and early 1998...

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Bibliographic Details
Main Author: Baig, Taimur
Other Authors: Goldfajn, Ilan
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:IMF Working Papers; Working Paper ; No. 1998/170
Online Access:Full text available on IMF