This book concentrates on exchange rates and their macroeconomic consequences, analytical and empirical issues relating to currency crises and policy responses and monetary and financial cooperation in Asia. It is truely pan-Asia-focused with chapters on China, Japan, Korea, India and Southeast Asia.

GRAHAM BIRD Professor at the Department of Economics and Director of the Surrey Centre for International Economics Studies (SCIES), University of Surrey, UK AMIT GHOSH Assistant Professor at the Department of Economics, Illinois Wesleyan University, Bloomington, Illinois, USA JIE LI Assistant Professor at the Central University of Finance and Economics, China, and Director, CUFE Research Center for Foreign Reserves, Beijing, China ALICE OUYANG Assistant Professor in China Academy of Public Finance and Public Policy at the Central University of Finance and Economics, Beijing, China MAKARAND PARAULKAR Deputy Chief Operating Officer at Bradford College, The University of Adelaide, Adelaide, Australia VICTOR PONTINES Lecturer of Economics and Public Policy at Carnegie Mellon University and H. John Heinz III School of Public Policy and Management, Adelaide, Australia CHUNG-HUA SHEN Professor at the Department of Finance, National Taiwan University, Taipei, Taiwan REZA SIREGAR International Economic Consultant at the International Monetary Fund Singapore Regional Training Institute, Singapore THOMAS D. WILLETT Director at the Claremont Institute for Economic Policy Studies, USA and Horton Professor, School of Politics and Economics at Claremont Graduate University, Claremont, California, USA