Dr Tony Cavoli

Tony Cavoli is a Senior Lecturer in the School of Commerce. His research interests span the areas of open-economy macroeconomics and international finance and include such topics as exchange rate regimes, monetary policies, trade and financial integration. His work is applied mainly to Asian economies.

• Open Economy Macroeconomics
• International Trade and Finance
• Monetary Theory and Policy
• Economic Principles

BEc (Hons) (LaTrobe)
PhD (Adelaide)

• Exchange Rate Regimes in Asia
• Monetary Policy Systems and Optimal Monetary Policy
• Trade and Financial Integration
• Capital Mobility and the Determinants of Capital Flows
• Institutional Quality, Capital Mobility and Exchange Rate Regime choice

Books/Monographs

Exchange Rate Regimes and Macroeconomic Management in Asia, (with Ramkishen Rajan) Hong Kong University Press, Hong Kong, 2009

Refereed Journal Articles

“Managing Risks in a Volatile Environment: The Capital Inflows Problem in Asia” (with Ramkishen Rajan) Economia Internazionale, Vol LXII, No 3, August 2009

"Is Fear of Floating Justified? The East Asian Experience", Journal of Policy Modeling 31, pp 1-16, 2009

“Open Economy Inflation Targeting Arrangements and Monetary Policy Rules: Application to India” (with Ramkishen Rajan). , Indian Growth and Development Review 1:2, pp 237-51, 2008

"The Exchange Rate and Optimal Monetary Policy Rules in Open and Developing Economies: Some Simple Analytics”, Economic Modelling 25:5, pp 1011-21, September 2008

“Extent of Exchange Rate Intervention in India: Basket Pegger or Closet US Dollar Pegger”,(with Ramkishen Rajan). India Macroeconomics Annual 2007, pp 125-140

“Inflation Targeting Arrangements in Asia: Exploring the Role of the Exchange Rate”, (with Ramkishen Rajan), Briefing Notes in Economics 74, September/October 2007

“Managing in the Middle: Characterizing Singapore’s Exchange Rate Policy”, (with Ramkishen Rajan). Asian Economic Journal 21:3 September 2007, pp 321-42

“Exploring the Case for Monetary Integration Between Mainland China and Hong Kong” (with Ramkishen Rajan). China and the World Economy, 15:4 July-August 2007, pp 17-34

“Capital Mobility, Sterilization and Interest Rate Determination in East Asia”, Journal of Economic Integration, 22:1, March 2007, pp 210-30

“The Capital Inflows Problem in Selected Asian Economies in the 1990s Revisited” (with Ramkishen Rajan). Asian Economic Journal, 20:4 December 2006, pp 409-23

“Monetary Policy Rules for Small and Open Developing Economies: A Counterfactual Policy Analysis”. (with Ramkishen Rajan). Journal of Economic Development, 31:1 June 2006, pp 89-111.

Chapters in Books and Other Edited Volumes

“India’s De Facto Exchange Rate Regime” (with R.S. Rajan) in Monetary, Investment and Trade Issues in India, forthcoming 2009

“Should India Adopt an Inflation Target?” (with R.S. Rajan) in Monetary, Investment and Trade Issues in India, forthcoming 2009

“Inflation Targeting Frameworks in Asia” in R. Rajan, Contemporary International Economic Policy Issues Facing Asia, (with Ramkishen Rajan). Singapore: World Scientific Press, Chapter 5 (Forthcoming).

“Exchange Rate Arrangements for East Asia Post-Crisis: Examining the Case for Open Economy Inflation Targeting.”, (With Ramkishen Rajan), in Columbus, F. (ed), Asian Economic and Political Issues Vol 5, Commack NY, Nova Science Publishers. (Forthcoming)

"Still Searching for the Middle Ground: Asian Exchange Rate Regimes..", in R.S. Rajan, S.W. Arndt and S. Thangavelu (eds.), Monetary and Financial Issues in Asia, 2009, World Scientific (with Ramkishen Rajan).

“Have Exchange Rate Regimes in Asia Become More Flexible Post Crisis? Re-visiting the Evidence” (with Ramkishen Rajan), in Y.W. Cheung and K.Y. Wong (eds.), China and Asia: Economic and Financial Interactions, 2009, Routledge

“Capital Mobility” in Rajan, R and K Reinert, L. Davis and A. Glass (eds), Princeton Dictionary of the World Economy, (with Ramkishen Rajan), Princeton University Press. (Forthcoming)

“Inflation Targeting” in Rajan, R and K Reinert, L. Davis and A. Glass (eds), Princeton Dictionary of the World Economy, Princeton University Press. (Forthcoming)

“Monetary Policy Rules” in Rajan, R and K Reinert, L. Davis and A. Glass (eds), Princeton Dictionary of the World Economy, Princeton University Press. (Forthcoming)