EMEAP Exchange Rate Regime Study





Contents
Experience and Practical Issues Concerning Foreign Exchange Operations
The Capital Account and the Exchange Rate in Monetary Policy Decision-Making
Welfare Implications of the 1995-1998 Yen Depreciation of Asia




* EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) consists of Reserve Bank of Australia, People's Bank of China, Hong Kong Monetary Authority, Bank Indonesia, Bank of Japan, The Bank of Korea, Bank Negara Malaysia, Reserve Bank of New Zealand, Bangko Sentral ng Pilipinas, Monetary Authority of Singapore and Bank of Thailand.