G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9802
DP9802 Never Say Never: Commentary on a Policymaker?s Reflections
Maurice Obstfeld
发表日期2014-02-02
出版年2014
语种英语
摘要Stanley Fischer is a rarity among economic policymakers. He came to the policy world as an internationally recognized intellectual leader on macroeconomic theory and policy. He confronted numerous emerging market crises, including the globally systemic Asian crisis, as the IMF?s First Deputy Managing Director from September 1994 to August 2001. And then, as governor of an emerging economy?s central bank starting in May 2005, he decided the monetary responses to the worldwide crisis of 2008-09 and its aftershocks. Fischer?s unpublished Robbins Lectures, delivered at the LSE late in 2001, drew lessons from his service at the IMF. Did emerging markets follow up on those lessons, and did their preparations help them weather the storm of 2008-09? How have economists? views, and Fischer?s, changed as a result of the global financial crisis? In this paper I propose answers to these questions, focusing on the experiences of three Asian crisis countries, Indonesia, Korea, and Thailand.
主题Financial Economics ; International Macroeconomics
关键词Asian crisis Capital controls Exchange rate regime Financial crises Foreign exchange intervention Macro-prudential regulation Stanley fischer transparency
URLhttps://cepr.org/publications/dp9802
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/538638
推荐引用方式
GB/T 7714
Maurice Obstfeld. DP9802 Never Say Never: Commentary on a Policymaker?s Reflections. 2014.
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