A Basket Currency For Asia


A Basket Currency For Asia
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A Basket Currency For Asia


A Basket Currency For Asia
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Author : Takatoshi Ito
language : en
Publisher: Routledge
Release Date : 2007-01-24

A Basket Currency For Asia written by Takatoshi Ito and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-24 with Business & Economics categories.


The contributors to this book examine the need for an exchange rate regime in Asia following the 1997 to 1998 Asian currency crisis and discuss whether a currency basket system is the answer.



Currency Cooperation In East Asia


Currency Cooperation In East Asia
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Author : Frank Rövekamp
language : en
Publisher: Springer
Release Date : 2014-07-08

Currency Cooperation In East Asia written by Frank Rövekamp and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-08 with Business & Economics categories.


This book explores the opportunities and limits of currency cooperation in East Asia. Currency issues play an important role in the region. The Asian crisis of the late 90s was rooted in deficient currency arrangements. The Chinese RMB is not freely convertible yet, but policymakers in China nevertheless aim for a more international role of the Chinese currency. The recent change of direction in Japanese monetary policy caused a drastic depreciation of the Yen and led to warnings against a possible “currency war”, thus demonstrating that currency issues can also easily lead to political frictions. Most trade in and with the East Asian zone on the other hand is still conducted in US $. Against this background different modes of currency cooperation serve the goal of smoothing exchange rate fluctuations and capital flows. They are an important element to promote financial stability and to reduce the transaction cost for foreign trade or investment. The contributions of this book analyze the environment and design of currency cooperation in East Asia and their effects from a macro-and microeconomic viewpoint.



Monetary Cooperation In East Asia


Monetary Cooperation In East Asia
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Author : Raul V. Fabella
language : en
Publisher:
Release Date : 2002

Monetary Cooperation In East Asia written by Raul V. Fabella and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


Surveys the growing literature on monetary cooperation in East Asia (EA) that goes beyond the Chiang Mai Initiative. It compares and contrasts the various proposals for cooperation such as the Williamson basket peg, the Asian monetary system, and the yen block as to their crisis prevention impact and their feasibility, both economic and political. Also reviews the evidence on the readiness of EA and some of its proper subsets for a currency union in the light of experiences elsewhere, especially of European monetary cooperation. Chapters: currency unions and the European Monetary Union; current exchange rate regime and monetary cooperation in EA; proposals for monetary and exchange rate cooperation in EA; and costs and benefits of a monetary union in EA.



Toward An East Asian Exchange Rate Regime


Toward An East Asian Exchange Rate Regime
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Author : Duck-Koo Chung
language : en
Publisher: Rowman & Littlefield
Release Date : 2007-05-01

Toward An East Asian Exchange Rate Regime written by Duck-Koo Chung and has been published by Rowman & Littlefield this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-05-01 with Business & Economics categories.


East Asian exchange rates have become a global flashpoint. U.S. policymakers blame artificially low Asian currency values for global imbalances, including America's ballooning current account deficit. The solution, they argue, lies in some combination of greater exchange rate flexibility and the appreciation of Asian currencies against the dollar. Asian officials recognize the need to let their exchange rates rise, but they fear that would hamper growth and cut sharply into the value of their dollar reserves. Toward an East Asian Exchange Rate Regime offers a timely and comprehensive analysis of the resulting debates, drawing on expertise from China, Japan, South Korea, and the United States. The introduction reviews the issues at stake, sketches a variety of proposed exchange rate regimes, and discusses comparisons between East Asia and the West. Subsequent chapters examine the connection between global financial imbalances and East Asian monetary cooperation, China's potential role in regional coordination, the relationship between monetary and trade integration, and different paths toward regional cooperation. Authoritative yet concise, this is an essential primer on East Asian monetary integration. Contributors include Gongpil Choi (Korean Institute of Finance, Federal Reserve Bank of San Francisco), Masahiro Kawai (University of Tokyo, Asian Development Bank), Kwanho Shin (Korea University), Yunjong Wang (SK Institute), Masaru Yoshitomi (RIETI,Tokyo), and Yongding Yu (Chinese Academy of Social Sciences).



Fostering Monetary And Financial Cooperation In East Asia


Fostering Monetary And Financial Cooperation In East Asia
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Author :
language : en
Publisher:
Release Date :

Fostering Monetary And Financial Cooperation In East Asia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.




Towards Monetary And Financial Integration In East Asia


Towards Monetary And Financial Integration In East Asia
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Author : Koichi Hamada
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009-01-01

Towards Monetary And Financial Integration In East Asia written by Koichi Hamada and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-01-01 with Business & Economics categories.


Towards Monetary and Financial Integration in East Asia is an important book. East Asia, led by China, has been and will continue to be the largest, most rapidly growing region in the world. Major global imbalances persist, with East Asia in large surplus. Yet East Asian financial and monetary integration is only in the early stages of what will necessarily be a long-run process. These 14 essays by different authors address, in six Parts, fundamental long-run issues and prospects. These include the development of a regional financial architecture, liquidity provision and crisis management, surveillance mechanisms, exchange rate arrangements, currency baskets, an Asian Currency Unit, and ultimately even a single currency. The implications of the rise of China and the role of Japan underlie much of these analyses. However imperfect, the EU is the dominant relevant experience for East Asian financial and monetary integration. It is important to understand, as the authors do, that it took 47 years from the EU s nascent founding to the establishment of the euro, and that economic integration has preceded political integration. This book importantly addresses such basic issues in this time frame and with an appreciation of the political economy difficulties of financial integration. Hugh Patrick, Columbia University, US The book edited by Professors Hamada, Reszat, and Volz gives a comprehensive overview of the current status and challenges of economic integration in East Asia. Monetary and financial integration in East Asia has proceeded gradually but steadily since the Asian financial crisis of 1997 98. The book is an authoritative cutting-edge collection of papers in respective topics which brings the reader to the frontier of the literature. Takatoshi Ito, University of Tokyo, Japan This indispensable book provides a comprehensive analysis of monetary and financial integration in East Asia. It assesses the steps already taken toward financial integration and brings forward different proposals for future exchange rate arrangements in what has now become the world s most dynamic region. With contributions from distinguished experts this timely book evaluates the economic and politico-economic arguments and conditions for monetary and financial integration in East Asia. It explores how and to what extent the countries of the region can integrate despite their heterogeneity and their underlying political tensions. Drawing on the European experiences, this book analyzes the economic logic of monetary and financial integration in East Asia and its political feasibility. This invaluable broad analysis will be of interest to academic researchers, students, policy-makers and professional economists working on matters of international economic cooperation, common currency areas, international open economy macroeconomics, and East Asian integration.



Exchange Rates Under The East Asian Dollar Standard


Exchange Rates Under The East Asian Dollar Standard
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Author : Ronald I. McKinnon
language : en
Publisher: MIT Press
Release Date : 2005

Exchange Rates Under The East Asian Dollar Standard written by Ronald I. McKinnon and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Business & Economics categories.


The policy dilemmas inherent in using the US dollar as the key currency for stabilizing exchange rates in East Asia.



Optimal Currency Areas In East Asia


Optimal Currency Areas In East Asia
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Author : Chee Heong Quah
language : en
Publisher:
Release Date : 2012

Optimal Currency Areas In East Asia written by Chee Heong Quah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with East Asia categories.




Is Asia An Optimum Currency Area


Is Asia An Optimum Currency Area
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Author : Barry Julian EICHENGREEN
language : en
Publisher:
Release Date : 1996

Is Asia An Optimum Currency Area written by Barry Julian EICHENGREEN and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with East Asia categories.




Exchange Rate Regimes In East Asia


Exchange Rate Regimes In East Asia
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Author : Masahiro Kawai
language : en
Publisher: Routledge
Release Date : 2004-08-02

Exchange Rate Regimes In East Asia written by Masahiro Kawai and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-02 with Social Science categories.


There is a deepening debate in East Asia about the prospects for common exchange rate arrangements, even including the formation of a common currency in the longer term. This raises a complex set of issues and this volume provides a detailed yet comprehensive examination of key issues in the debate. It looks, for example, at the nature and extent of linkages in East Asia, in terms of trade and foreign investment, finance, labour, and consumption, investment and output. It examines how the exchange rate affects various aspects of economies. And it critically analyzes various proposals for currency regimes for the region, including floating exchange rates, basket pegs, and currency union.