Capital inflows and growth, evidence from pre-crises ASEAN economies / Shibeshi Ghebre Kahsay and Jagdish Handa -- Capital flows and real exchange rate behavior, evidence from pre-crises ASEAN economies / Shibeshi Ghebre Kahsay and Jagdish Handa -- Capital flows and monetary policy, evidence...

In this paper we apply a simple macro model to explore and evaluate certain optimal monetary policy rules for China's economy. To be more consistent with the central bank (the People's Bank of China)'s behaviour, we use money supply as a monetary policy instrument rather than the commonly used...

Hong Kong is an open economy that uses foreign currencies extensively in domestic payments. This paper focuses on substitution between the domestic and foreign currencies in their role as media of payments in such an economy. It uses quarterly data to estimate currency substitution (CS) for Hong...