Financial links around the Pacific Rim, 1982-1992
Interest rate links strengthened among some Pacific Rim countries over the period 1982-1992, even though substantial country barriers and currency barriers remain. The covered interest differential narrowed for Australia and New Zealand, as their programs of financial liberalization admitted them to the club whose members already included Hong Kong, Singapore, Japan, and Canada. The exchange risk premium also narrowed significantly for Australia during the period 1988-92 (for which survey data are available). Overall, world influences on local interest rates increased in Australia, Korea, Malaysia, and New Zealand. In the cases of Australia, New Zealand, and Canada, there appears to have been a shift of influence from Tokyo interest rates to New York interest rates. In the cases of Indonesia and (somewhat less significantly) Korea and Singapore, there are signs of influence shifting from New York to Tokyo.
(This abstract was borrowed from another version of this item.)
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||1993|
|Contact details of provider:|| Postal: 101 Market Street, MS 1130, San Francisco, CA 94105-1579|
Phone: (415) 974-3184
Fax: (415) 974-2168
Web page: http://www.frbsf.org/economics/pbc/
More information through EDIRC
|Order Information:|| Email: |
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Warren L. Coats, 1987. "Capital mobility and monetary policy: Australia, Japan, and New Zealand," Proceedings, Federal Reserve Bank of San Francisco, pages 81-94.