Real Effects Of Common Currencies In East Asia
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Real Effects Of Common Currencies In East Asia
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Author : Kazuko Shirono
language : en
Publisher: International Monetary Fund
Release Date : 2007-07
Real Effects Of Common Currencies In East Asia written by Kazuko Shirono and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07 with Business & Economics categories.
Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia. This paper provides estimates of trade and welfare effects of East Asian currency unions, using a micro-founded gravity model. Counter-factual experiments to assess the effects of various hypothetical currency arrangements for East Asia suggest that an East Asian currency union will double bilateral trade in the region, but the resulting welfare effects will be moderate. However, if Japan, a major trade partner for East Asia, is included in the union, welfare effects increase substantially. The evidence thus suggests that certain regional currency arrangements in East Asia will stimulate regional trade rigorously and can generate economically significant welfare gains.
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.
Monetary And Financial Integration In East Asia
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Author : Yung Chul Park
language : en
Publisher: Oxford University Press
Release Date : 2010-07
Monetary And Financial Integration In East Asia written by Yung Chul Park and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07 with Business & Economics categories.
The book analyses the Asian experience from both Asian and European perspectives.
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.
Exchange Rate Regimes In East Asia
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Author : Gordon De Brouwer
language : en
Publisher: Taylor & Francis US
Release Date : 2004-08
Exchange Rate Regimes In East Asia written by Gordon De Brouwer and has been published by Taylor & Francis US this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08 with Business & Economics 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.
Toward An East Asian Exchange Rate Regime
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Author : Duck-Koo Chung
language : en
Publisher:
Release Date : 2007
Toward An East Asian Exchange Rate Regime written by Duck-Koo Chung and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
"Analyzes the feasibility of continued exchange rate pegging in East Asia and explores alternatives, including some form of regional monetary integration. Argues for coordinating the adjustment of Asian currencies against the dollar and sketches scenarios for the creation of an Asian central bank and a single Asian currency"--Provided by publisher.
Currency Union In East Asia
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Author : Han Gwang Choo
language : en
Publisher:
Release Date : 2002
Currency Union In East Asia written by Han Gwang Choo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with East Asia categories.
An Overview Of Currency Union
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Author : Sam-mo Kang
language : en
Publisher: 대외경제정책연구원
Release Date : 2002
An Overview Of Currency Union written by Sam-mo Kang and has been published by 대외경제정책연구원 this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Monetary unions categories.
Monetary And Financial Cooperation In East Asia
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Author : Pradumna B. Rana
language : en
Publisher:
Release Date : 2003-11
Monetary And Financial Cooperation In East Asia written by Pradumna B. Rana and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-11 with categories.
Three reports together: (1) Monetary & Financial Cooperation in East Asia: The Case for & Against Monetary & Financial Cooperation; Evolving Regional Financial Architecture in East Asia; Beyond the Chiang Mai Initiative: Coordination of Macroeconomic & Exchange Rate Policies. (2) Costs & Benefits of a Common Currency for ASEAN; Perspectives on Optimum Currency Area; The Suitability of ASEAN for a Common Currency; Constraints on the Adoption of a Common Currency. (3) New Economy & the Effects of Industrial Structures on International Equity Market Correlation, by Cyn-Young Park & Jaejoon Woo; Data Description & Correlation Analyses; Econometric Methods & Empirical Results.
Monetary And Currency Policy Management In Asia
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Author : Masahiro Kawai
language : en
Publisher: Edward Elgar Publishing
Release Date : 2012-01-01
Monetary And Currency Policy Management In Asia written by Masahiro Kawai 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 2012-01-01 with Business & Economics categories.
Asian economies strengthened their monetary and currency management after the Asian financial crisis of 19971998, and came through the global financial crisis of 20072009 relatively well. Nevertheless, the recent global crisis has presented new challenges. This book develops recommendations for monetary and currency policy in Asian economies aimed at promoting macroeconomic and financial stability in an environment of global economic shocks and volatile capital flows. Monetary and Currency Policy Management in Asia draws lessons from crises and makes concrete macroeconomic policy recommendations aimed at minimizing the impacts of an economic and financial downturn, and setting the stage for an early return to sustainable growth. The focus is on short-term measures related to the cycle. The three main areas addressed are: monetary policy measures, both conventional and unconventional, to achieve both macroeconomic and financial stability; exchange rate policy and foreign exchange reserve management, including the potential for regional cooperation to stabilize currency movements; and ways to ease the constraints on policy resulting from the so-called 'impossible trinity' of fixed exchange rates, open capital accounts and independent monetary policy. This is one of the first books since the global financial crisis to specifically and comprehensively address the implications of the crisis for monetary and currency policy in emerging market economies, especially in Asia. Presenting a broad menu of policy options for financial reform and regulation, the book will be of great interest to finance experts and policymakers in the region as well as academics and researchers of financial and Asian economics as well as economic development.