ASEAN Exchange Rates : : Policies and Trade Effects / / Pradumna B. Rana.

• Superior document: Title is part of eBook package: De Gruyter ISEAS Archive eBook-Package 1970-1999
• VerfasserIn: B. Rana, Pradumna,
• MitwirkendeR: Rana, Pradumna B.,; Sandhu, Kemial Singh,
• Place / Publishing House: Singapore : : ISEAS Publishing, , [1981]; ©1981
• Year of Publication: 1981
• Language: English
• Physical Description: 1 online resource (115 p.)

This book examines the experience of the ASEAN countries in the post-Bretton Woods era - the period of generalized currency float. It outlines the major developments in the exchange rate policies of the ASEAN countries in the 1970s and analyses the movements of the effective exchange rates (both in terms of the trend and short-run variability) and their sources. The study shows that the increased exchange rate risk (variaibility) experienced by the ASEAN countries during the generalized floating period has had an anti-trade bias - reduced volume of imports. On the export side, simulations of world trade models for various commodities are carried out, and these indicate that multilateral changes in real exchange rates in the present international monetary system had adversely affected the major primary exports of the ASEAN countries. In the final chapter, the policy implications of the major findings are discussed.

Table of Contents

Frontmatter -- Foreword -- Preface -- Contents -- Tables -- Figures -- I. INTRODUCTION -- II. EXCHANGE RATE POLICIES OF ASEAN COUNTRIES -- III. EFFECTS OF EXCHANGE RATE VARIABILITY ON IMPORT VOLUMES -- IV. EFFECTS OF REAL EXCHANGE RATE CHANGES ON ASEAN'S PRIMARY EXPORTS -- V. SUMMARY AND CONCLUSIONS -- Appendices -- Bibliography