IMF Staff Country Reports

Asean-5 Cluster Report: Evolution of Monetary Policy Frameworks

June 30, 2016

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Asean-5 Cluster Report: Evolution of Monetary Policy Frameworks, (USA: International Monetary Fund, 2016) accessed December 3, 2024

Summary

This paper examines the evolution of monetary policy frameworks of the Association of Southeast Asian Nations (ASEAN)-5 economies, with particular focus on changes since the Asian financial crisis and the more recent period of unconventional monetary policies in advanced economies. Monetary policy frameworks of the ASEAN-5 economies have on the whole performed well since the crisis, delivering both price and financial stability during a period of significant domestic and regional transformation and global macroeconomic and financial turmoil. Not surprisingly, therefore, successful outcomes in most cases entailed significant changes to operating frameworks and refinement of policy objectives.

Subject: Balance of payments, Capital inflows, Central bank policy rate, Exchange rate flexibility, Exchange rates, Foreign exchange, Monetary policy, Monetary policy frameworks

Keywords: Asia and Pacific, Capital inflows, Corridor band, CR, Economies well, Economy, Exchange rate, Exchange rate flexibility, Exchange rates, Exchange rates corridor band, Foreign exchange, Global, Interest rate, ISCR, Monetary management, Monetary policy, Monetary policy autonomy, Monetary policy framework, Monetary policy frameworks, Monetary policy independence, Monetary policy response, Monetary policy strategy, Policy interest rate corridor, Policy rate

Publication Details

  • Pages:

    58

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/176

  • Stock No:

    1APDEA2016001

  • ISBN:

    9781498308748

  • ISSN:

    1934-7685