01702cas a2200253 a 4500 AALejournalIMF006736 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455205455 1018-5941 BD-DhAAL BD-DhAAL Lee, Il. Monetary Transmission of Global Imbalances in Asian Countries / Il Lee, Woon Choi. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Choi, Woon. IMF Working Papers; Working Paper ; No. 2010/214 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/214/001.2010.issue-214-en.xml IMF e-Library