Economic Management in a Volatile Environment Monetary and Financial
This book discusses some of the challenges relating to macroeconomic and financial management in a volatile and uncertain world brought about by greater financial openness. It explores the implications of a key set of issues emanating from financial globa
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Also by the Authors CRISIS, CAPITAL FLOWS AND FDI IN EMERGING ASIA (R.S. Rajan, S. Gopalan and R. Hattari) EMERGING ASIA Essays on Crises, Capital Flows, FDI and Exchange Rate Policy (R.S. Rajan) EXCHANGE RATE REGIMES AND MACROECONOMIC MANAGEMENT IN ASIA (R.S. Rajan and T. Cavoli) EXCHANGE RATES AND FOREIGN DIRECT INVESTMENT IN EMERGING ASIA (R.S. Rajan) EXCHANGE RATES, CURRENCY CRISIS AND MONETARY COOPERATION IN ASIA (R.S. Rajan) FISCAL SUSTAINABILITY AND COMPETITIVENESS IN EUROPE AND ASIA (R.S. Rajan, K.G. Tan and K.Y. Tan) MONETARY, TRADE AND INVESTMENT ISSUES IN INDIA (R.S. Rajan)
Economic Management in a Volatile Environment Monetary and Financial Issues Ramkishen S. Rajan George Mason University and National University of Singapore and
Sasidaran Gopalan The Hong Kong University of Science and Technology
Preface and Introduction, selection, editorial matter, Chapters 6–10 © Ramkishen S. Rajan and Sasidaran Gopalan 2015 Chapter 1 © Alice Ouyang, Ramkishen S. Rajan and Thomas D. Willett 2015 Chapter 2 © Alice Ouyang and Ramkishen S. Rajan 2015 Chapter 3 © Jie Li and Ramkishen S. Rajan 2015 Chapter 4 © Graham Bird and Ramkishen S. Rajan 2015 Chapter 5 © Venkataramana Yanamandra and Ramkishen S. Rajan 2015 Softcover reprint of the hardcover 1st edition 2015 978-1-137-37151-5 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2015 by PALGRAVE MACMILLAN Palgrave Macmillan in the UK is an imprint of Macmillan Publishers Limited, registered in England, company number 785998, of Houndmills, Basingstoke, Hampshire RG21 6XS. Palgrave Macmillan in the US is a division of St Martin’s Press LLC, 175 Fifth Avenue, New York, NY 10010. Palgrave Macmillan is the global academic imprint of the above companies and has companies and representatives throughout the world. Palgrave® and Macmillan® are registered trademarks in the United States, the United Kingdom, Europe and other countries ISBN 978-1-349-47562-9 ISBN 978-1-137-37152-2 (eBook) DOI. 10.1057/9781137371522 This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources. Logging, pulping and manufacturing processes are expected to conform to the environmental regulations of the country of origin. A catalogue record for this book is available from the British Library. Library of Congress Cataloging-in-Publication Data Raj
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