Report on Capital Flows, Exchange Rates and Policy Frameworks in Emerging Asia
Release Date: 27 Nov 2020
Under the directive of the Asian Consultative Council (ACC) of the Bank for International Settlements (BIS), a Working Group of regional central banks was set up by the BIS Representative Office for Asia and the Pacific in 2019 to collectively examine their policy frameworks. Specifically, the Working Group was to focus on the joint use of monetary, macroprudential, exchange rate and capital flow management policies in dealing with volatile capital flows and exchange rate movements. Members of the Working Group include representatives from the central banks and monetary authorities of China, Hong Kong SAR, India, Indonesia, Korea, Malaysia, the Philippines, Singapore and Thailand, as well as observers from the central banks of Australia, Japan and New Zealand.
As a member of this Working Group, Bank Negara Malaysia (BNM) is pleased to share the above Report. This report provides insights to the considerations and policy approach of the central banks represented by the Working Group towards capital flows and exchange rates.
Click here to view the report.
© Bank Negara Malaysia, 2020. All rights reserved.
Central Bank of Malaysia published this content on 27 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 November 2020 03:18:02 UTC