Optimal Currency Areas in East Asia PDF Download
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Author: Chee Heong Quah
Publisher:
ISBN:
Category : East Asia
Languages : en
Pages : 372
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Book Description
Author: Chee Heong Quah
Publisher:
ISBN:
Category : East Asia
Languages : en
Pages : 372
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Book Description
Author: Duck-Koo Chung
Publisher: Rowman & Littlefield
ISBN: 0815714181
Category : Business & Economics
Languages : en
Pages : 176
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Book Description
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).
Author: C. H. Kwan
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 24
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Book Description
Author: Barry Julian EICHENGREEN
Publisher:
ISBN:
Category : East Asia
Languages : en
Pages : 44
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Book Description
Author: Grace H. Y. Lee
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 55
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Book Description
Author: Zhaoyong Zhang
Publisher:
ISBN:
Category : Monetary unions
Languages : en
Pages : 33
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Book Description
Author: Han Gwang Choo
Publisher:
ISBN:
Category : East Asia
Languages : en
Pages : 284
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Book Description
Author: Kwangsuk Han
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 388
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Book Description
Author: Hyoung-kyu Chey
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
In recent years, dynamic debate has arisen as to the desirability and feasibility of creating a monetary union in East Asia. While the debate has relied heavily on the theory of optimum currency areas, this theory has weaknesses in explaining the actual formation of monetary unions. At this point, political economy analysis appears to demonstrate stronger explanatory power. This paper provides a systematic review of the main developments in the literature on optimum currency area theory and in the political economy literature on monetary union. In addition, it addresses the feasibility of an East Asian monetary union, by applying the findings in these two academic strands to the region. It finds that even though formation of an East Asian monetary union may be to some extent feasible from an economic perspective, the region's political situation does not appear favourable for the creation of one.
