LEADER 04709nam 2200793 a 450 001 9910453985903321 005 20200520144314.0 010 $a1-281-95719-4 010 $a9786611957193 010 $a0-226-38708-9 024 7 $a10.7208/9780226387086 035 $a(CKB)1000000000578011 035 $a(EBL)408335 035 $a(OCoLC)436148272 035 $a(SSID)ssj0000181218 035 $a(PQKBManifestationID)11167543 035 $a(PQKBTitleCode)TC0000181218 035 $a(PQKBWorkID)10168159 035 $a(PQKB)11554216 035 $a(StDuBDS)EDZ0000115824 035 $a(MiAaPQ)EBC408335 035 $a(DE-B1597)524200 035 $a(OCoLC)1135589787 035 $a(DE-B1597)9780226387086 035 $a(Au-PeEL)EBL408335 035 $a(CaPaEBR)ebr10266013 035 $a(CaONFJC)MIL195719 035 $a(EXLCZ)991000000000578011 100 $a20070827d2008 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInternational financial issues in the Pacific Rim$b[electronic resource] $eglobal imbalances, financial liberalization, and exchange rate policy /$fedited by Takatoshi Ito and Andrew K. Rose 210 $aChicago $cUniversity of Chicago Press$d2008 215 $a1 online resource (441 p.) 225 1 $aNBER-East Asia seminar on economics ;$vv. 17 300 $aPapers presented at the 17th annual East Asian Seminar in Economics, held at the Kohala Coast, Hawaii, June 22, 24, 2006. 311 $a0-226-38682-1 320 $aIncludes bibliographical references and indexes. 327 $tFrontmatter -- $tRelation of the Directors to the Work and Publications of the National Bureau of Economic Research -- $tContents -- $tAcknowledgments -- $tIntroduction -- $t1. Life on the Tri-Polar Sphere -- $t2. Liquidity Risk Aversion, Debt Maturity, and Current Account Surpluses -- $t3. Are Currency Appreciations Contractionary in China? -- $t4. The Relationship between Openness and Inflation in NIEs and the G7 -- $t5. Pass-Through of Exchange Rates to Consumption Prices -- $t6. Price Impacts of Deals and Predictability of the Exchange Rate Movements -- $t7. Adopting a Common Currency Basket Arrangement into the ASEAN Plus Three -- $t8. Growth and Returns in Emerging Markets -- $t9. Bond Markets as Conduits for Capital Flows -- $t10. Financial Liberalization under the WTO and Its Relationship with the Macro Economy -- $t11. Cross-Border Acquisitions and Target Firms' Performance -- $t12. Stock Market Opening and the Cost of Capital -- $tContributors -- $tAuthor Index -- $tSubject Index 330 $aThe imbalanced, yet mutually beneficial, trading relationship between the United States and Asia has long been one of international finance's most perplexing mysteries. Although the United States continues to post a substantial trade deficit-and China reaps the benefits of a surplus-the dollar has yet to sink in the face of ever-increasing account disparities. International Financial Issues in the Pacific Rim explains why the United States enjoys a seemingly symbiotic relationship with its trading partners despite stark inequities in the trade balance, especially with Asia. This timely and well-informed study also debunks the assumed link between economic openness and low inflation in the region, identifies the serious gap between academic and private-sector researchers' understanding of exchange rate volatility, and analyzes the liberalization of Asian capital accounts. International Financial Issues in the Pacific Rim will have broad implications for global trade and economic policy issues in Asia and beyond. 410 0$aNBER-East Asia Seminar on Economics (Series) ;$vv. 17. 606 $aForeign exchange rates$zEast Asia$vCongresses 606 $aCapital movements$zEast Asia$vCongresses 606 $aFinance$zEast Asia$vCongresses 606 $aForeign exchange rates$vCongresses 606 $aCapital movements$vCongresses 606 $aFinance$vCongresses 608 $aElectronic books. 615 0$aForeign exchange rates 615 0$aCapital movements 615 0$aFinance 615 0$aForeign exchange rates 615 0$aCapital movements 615 0$aFinance 676 $a332/.042095 701 $aIto?$b Takatoshi$f1950-$0116437 701 $aRose$b Andrew$f1959-$0123580 712 02$aNational Bureau of Economic Research. 712 12$aNBER-East Asia Seminar on Economics 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910453985903321 996 $aInternational financial issues in the Pacific Rim$92014768 997 $aUNINA