{"created":"2023-07-27T12:31:15.416696+00:00","id":28779,"links":{},"metadata":{"_buckets":{"deposit":"cd969122-724a-44e3-b576-23e5eed0ebdc"},"_deposit":{"created_by":19,"id":"28779","owners":[19],"pid":{"revision_id":0,"type":"depid","value":"28779"},"status":"published"},"_oai":{"id":"oai:ir.ide.go.jp:00028779","sets":["2388:3182"]},"author_link":["35744"],"item_10_biblio_info_6":{"attribute_name":"収録情報","attribute_value_mlt":[{"bibliographicIssueDates":{"bibliographicIssueDate":"1999-09","bibliographicIssueDateType":"Issued"},"bibliographicIssueNumber":"3","bibliographicPageEnd":"354","bibliographicPageStart":"337","bibliographicVolumeNumber":"37","bibliographic_titles":[{"bibliographic_title":"The Developing Economies"},{"bibliographic_title":"The Developing Economies","bibliographic_titleLang":"en"}]}]},"item_10_description_10":{"attribute_name":"アジ研図書館請求記号","attribute_value_mlt":[{"subitem_description":"P/330.1/De8","subitem_description_type":"Other"}]},"item_10_description_21":{"attribute_name":"フォーマット","attribute_value_mlt":[{"subitem_description":"application/pdf","subitem_description_type":"Other"}]},"item_10_description_23":{"attribute_name":"DIG_NO","attribute_value_mlt":[{"subitem_description":"ZDE199909_004","subitem_description_type":"Other"}]},"item_10_description_3":{"attribute_name":"抄録","attribute_value_mlt":[{"subitem_description":"This paper examines whether the IMF high interest rate policy was suitable for crisis-ridden East Asian economies. Using an \"overshoot\" model similar to that of Dornbusch's (1976), it shows that this sort of policy might cause an unnecessary deflationary adjusting process and have no effect on containing the real depreciation of exchange rates in the long run. The study also demonstrates that Thai economic data coincides quite well with the model presented here. Finally, it points out that the high interest policy itself might provoke high risk-premium, the existence of which, in turn, justifies the policy. This means that the policy has a self-fulfilling property. In conclusion, a \"one-size-fits-all\" adaptation of high interest rate policy in a currency crisis is very dangerous in general, and was inappropriate for East Asia. The desirable policy would have been to let currencies depreciate and keep interest rates stable.","subitem_description_type":"Abstract"}]},"item_10_geolocation_19":{"attribute_name":"地域/国名","attribute_value_mlt":[{"subitem_geolocation_place":[{"subitem_geolocation_place_text":"東アジア"}]},{"subitem_geolocation_place":[{"subitem_geolocation_place_text":"タイ"}]}]},"item_10_identifier_registration":{"attribute_name":"ID登録","attribute_value_mlt":[{"subitem_identifier_reg_text":"10.20561/00028774","subitem_identifier_reg_type":"JaLC"}]},"item_10_publisher_8":{"attribute_name":"出版者","attribute_value_mlt":[{"subitem_publisher":"Institute of Developing Economies (IDE-JETRO)"}]},"item_10_rights_5":{"attribute_name":"権利","attribute_value_mlt":[{"subitem_rights":"Copyrights 日本貿易振興機構（ジェトロ）アジア経済研究所 / Institute of Developing Economies, Japan External Trade Organization (IDE-JETRO) http://www.ide.go.jp"}]},"item_10_source_id_7":{"attribute_name":"ISSN","attribute_value_mlt":[{"subitem_source_identifier":"00121533","subitem_source_identifier_type":"ISSN"}]},"item_10_subject_17":{"attribute_name":"日本十進分類法","attribute_value_mlt":[{"subitem_subject":"338","subitem_subject_scheme":"NDC"}]},"item_10_subject_20":{"attribute_name":"主題(図書館用)","attribute_value_mlt":[{"subitem_subject":"Developing countries","subitem_subject_scheme":"Other"},{"subitem_subject":"Thailand","subitem_subject_scheme":"Other"},{"subitem_subject":"IMF","subitem_subject_scheme":"Other"},{"subitem_subject":"Monetary policy","subitem_subject_scheme":"Other"},{"subitem_subject":"Foreign exchange","subitem_subject_scheme":"Other"},{"subitem_subject":"Exchange control","subitem_subject_scheme":"Other"},{"subitem_subject":"発展途上国","subitem_subject_scheme":"Other"},{"subitem_subject":"タイ","subitem_subject_scheme":"Other"},{"subitem_subject":"国際通貨基金","subitem_subject_scheme":"Other"},{"subitem_subject":"金融政策","subitem_subject_scheme":"Other"},{"subitem_subject":"外国為替","subitem_subject_scheme":"Other"},{"subitem_subject":"貿易為替管理","subitem_subject_scheme":"Other"},{"subitem_subject":"East Asia","subitem_subject_scheme":"Other"},{"subitem_subject":"東アジア","subitem_subject_scheme":"Other"}]},"item_10_text_37":{"attribute_name":"著者別名","attribute_value_mlt":[{"subitem_text_value":"国宗, 浩三"}]},"item_10_version_type_16":{"attribute_name":"著者版フラグ","attribute_value_mlt":[{"subitem_version_resource":"http://purl.org/coar/version/c_970fb48d4fbd8a85","subitem_version_type":"VoR"}]},"item_creator":{"attribute_name":"著者","attribute_type":"creator","attribute_value_mlt":[{"creatorNames":[{"creatorName":"Kunimune, Kozo"}],"nameIdentifiers":[{"nameIdentifier":"35744","nameIdentifierScheme":"WEKO"}]}]},"item_files":{"attribute_name":"ファイル情報","attribute_type":"file","attribute_value_mlt":[{"accessrole":"open_date","date":[{"dateType":"Available","dateValue":"2006-07-04"}],"displaytype":"detail","filename":"ZDE199909_004.pdf","filesize":[{"value":"74.4 kB"}],"format":"application/pdf","licensetype":"license_note","mimetype":"application/pdf","url":{"label":"本文","url":"https://ir.ide.go.jp/record/28779/files/ZDE199909_004.pdf"},"version_id":"885a44b2-8048-4ba3-8743-5f44f864a861"}]},"item_language":{"attribute_name":"言語","attribute_value_mlt":[{"subitem_language":"eng"}]},"item_resource_type":{"attribute_name":"資源タイプ","attribute_value_mlt":[{"resourcetype":"journal article","resourceuri":"http://purl.org/coar/resource_type/c_6501"}]},"item_title":"Exchange Rate Stabilization and IMF High Interest Rate Policy: A Critical Reconsideration Using a Dynamic Model","item_titles":{"attribute_name":"タイトル","attribute_value_mlt":[{"subitem_title":"Exchange Rate Stabilization and IMF High Interest Rate Policy: A Critical Reconsideration Using a Dynamic Model"},{"subitem_title":"Exchange Rate Stabilization and IMF High Interest Rate Policy: A Critical Reconsideration Using a Dynamic Model","subitem_title_language":"en"}]},"item_type_id":"10","owner":"19","path":["3182"],"pubdate":{"attribute_name":"公開日","attribute_value":"2006-07-04"},"publish_date":"2006-07-04","publish_status":"0","recid":"28779","relation_version_is_last":true,"title":["Exchange Rate Stabilization and IMF High Interest Rate Policy: A Critical Reconsideration Using a Dynamic Model"],"weko_creator_id":"19","weko_shared_id":-1},"updated":"2023-07-27T18:04:21.387612+00:00"}