Kawai and Morgan (both from the Asian Development Bank Institute), and Takagi (economics, Osaka U., Japan) present a timely examination of monetary and currency policy strategies in Asia with a
focus on the implications of the 2007-2010 monetary crisis. They present a slew of recommendation options for reform and regulation to promote and ensure financial stability in terms of
macroeconomic cycles and short term measures. Topics addressed include conventional and unconventional monetary policy measures, exchange rate policy and foreign exchange reserve management,
and methods to mitigate and address the policy limitations resulting from fixed exchange rates, open capital accounts and independent monetary policy. The chapters draw from the latest
understanding in economics and provides comprehensive empirical data to support the suggested measures. Annotation 穢2012 Book News, Inc., Portland, OR (booknews.com)
