Monetary Policy Implementation in East Asia
This book shares essential insights into the implementation of monetary policy in various East Asian countries. Highlighting case studies from China, Taiwan, Korea, Japan and Singapore, leading economists and practitioners from central banks illustrate ho
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Frank Rövekamp Moritz Bälz Hanns Günther Hilpert Editors
Monetary Policy Implementation in East Asia
Financial and Monetary Policy Studies Volume 51
Series Editor Ansgar Belke, Faculty of Business Administration and Economics, University of Duisburg-Essen, Essen, Germany
More information about this series at http://www.springer.com/series/5982
Frank Rövekamp Moritz Bälz Hanns Günther Hilpert •
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Editors
Monetary Policy Implementation in East Asia
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Editors Frank Rövekamp East Asia Institute Ludwigshafen University of Applied Sciences Ludwigshafen, Germany
Moritz Bälz Faculty of Law/Interdisciplinary Centre for East Asian Studies Goethe University Frankfurt Frankfurt am Main, Hessen, Germany
Hanns Günther Hilpert German Institute for International and Security Affairs (SWP) Berlin, Germany
ISSN 0921-8580 ISSN 2197-1889 (electronic) Financial and Monetary Policy Studies ISBN 978-3-030-50297-3 ISBN 978-3-030-50298-0 (eBook) https://doi.org/10.1007/978-3-030-50298-0 © Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface and Acknowledgements
As central bankers would openly admit, implementation does matter in monetary politics. However, implementation issues are rather seldom the subject of serious academic research. To counteract both these deficits in perception and this research gap was the motive for the international conference entitled “Monetary Policy Execution in East Asia”, which was organised by the East Asia Institute in Ludwigshafen in May 2018. The conference brought together leading experts from both academia and monetary authorities to explore the economic, legal and policy perspectives of monetary policy implementation in Ea
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