| 来源类型 | Discussion paper
|
| 规范类型 | 论文
|
| 来源ID | DP9802
|
| 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 Fischer?s unpublished Robbins Lectures, delivered at the LSE late in 2001, drew lessons from his service at the IMF.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
|
| URL | https://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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