Modern Economy
Volume 4, Issue 9 (September 2013)
ISSN Print: 2152-7245 ISSN Online: 2152-7261
Google-based Impact Factor: 0.96 Citations
Emerging Asia’s Version of the Mundell-Fleming Model ()
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ABSTRACT
This paper explains the Mundell-Fleming model in the context of Emerging Asia economies management of capital mobility. Central Banks and Financial Regulators in Emerging Asia adopt a modified version of the model that incorporates two vital levers, a policy driven and a market driven method that is adaptable to the magnitude of capital flow. A policy combination mix of both policy and market driven provides smooth monetary policy signal transmission to exchange rates.
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