TY - BOOK ID - 84542975 TI - Monetary Transmission of Global Imbalances in Asian Countries AU - Lee, Il. AU - Choi, Woon. PY - 2010 SN - 1462309321 1455245534 1283568543 9786613880994 1455285889 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Foreign Exchange KW - Inflation KW - Macroeconomics KW - Production and Operations Management KW - Model Construction and Estimation KW - Monetary Policy KW - Current Account Adjustment KW - Short-term Capital Movements KW - Macroeconomics: Production KW - Price Level KW - Deflation KW - International Investment KW - Long-term Capital Movements KW - International economics KW - Currency KW - Foreign exchange KW - Production growth KW - Capital flows KW - Output gap KW - Exchange rates KW - Production KW - Prices KW - Balance of payments KW - Economic theory KW - Capital movements KW - United States KW - Monetary policy KW - Money supply UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542975 AB - The paper explores the linkages between the global and domestic monetary gaps, and estimates the effects of monetary gaps on output growth, inflation, and net saving rates using panel data for 20 Asian countries for 1980-2008. We find a significant pass-through of the global monetary gap to domestic monetary gaps, which in turn affect output growth and inflation, in individual emerging market and developing countries in Asia. Notably, we provide evidence that the global monetary condition is partly responsible for the current account surplus in Asia. We also draw implications for monetary policy coordination for global rebalancing. ER -