List of contributors; Preface; 1. Overview Reuven Glick and Michael M.
Hutchison; Part I. International Financial Market Integration: 2. Financial
links around the Pacific Rim: 1982-92 Menzie D. Chinn and Jeffrey A.
Frankel; 3. Relative returns on equities in Pacific Basin countries Charles
Engel and John H. Rogers; 4. Exchange rate policy, international capital
mobility and monetary policy instruments Michael P. Dooley and Donald J.
Mathieson; Part II. Choice of Exchange Rate Regimes: 5. Exchange rate
management: a partial review Stephen J. Turnovsky; 6. Exchange rate policy
and insulation from external shocks: the cases of Korea and Taiwan, 1970-90
Ramon Moreno; 7. Trade price shocks and insulation: Australia's experience
with floating rates John Pitchford; 8. The role of the exchange rate in New
Zealand monetary policy Arthur Grimes and Jason Wong; 9. Officially
floating, implicitly targeted exchange rates: examples from the Pacific
Basin Helen Popper and Julia Lowell; Part III. Intervention and
Sterilization Policies: 10. Monetary policy, intervention and exchange
rates in Japan Reuven Glick and Michael M. Hutchison; 11. The signaling
effect of foreign exchange intervention: the case of Japan Tsutomu
Watanabe; 12. Sterilization of the monetary effects of current account
surpluses and its consequences: Korea, 1986-90 Sung Y. Kwack; Part IV.
Prospects for a Yen Bloc: 13. On the possibility of a yen bloc Takatoshi
Ito; 14. Economic fundamentals and a yen currency area for Asian Pacific
Rim countries Michael Melvin, Michael Ormiston and Bettina Peiers; Index.
