The Theory of Optimum Currency Areas and Its Implications for East Asia PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Theory of Optimum Currency Areas and Its Implications for East Asia PDF full book. Access full book title The Theory of Optimum Currency Areas and Its Implications for East Asia by . Download full books in PDF and EPUB format.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 55
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 55
Get Book Here
Book Description
Author: Hyoung-kyu Chey
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
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.
Author: C. H. Kwan
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 24
Get Book Here
Book Description
Author: Chee Heong Quah
Publisher:
ISBN:
Category : East Asia
Languages : en
Pages : 372
Get Book Here
Book Description
Author: Barry Julian EICHENGREEN
Publisher:
ISBN:
Category : East Asia
Languages : en
Pages : 44
Get Book Here
Book Description
Author: Maria Erlinda M. Mutuc
Publisher:
ISBN:
Category :
Languages : en
Pages : 30
Get Book Here
Book Description
Author: Sam-mo Kang
Publisher: 대외경제정책연구원
ISBN:
Category : Monetary unions
Languages : en
Pages : 66
Get Book Here
Book Description
Author: Kazuko Shirono
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 30
Get Book Here
Book Description
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.
Author: Peter B. Kenen
Publisher: Cambridge University Press
ISBN: 1139466038
Category : Business & Economics
Languages : en
Pages : 199
Get Book Here
Book Description
This book surveys the prospects for regional monetary integration in various parts of the world. Beginning with a brief review of the theory of optimal currency areas, it goes on to examine the structure and functioning of the European Monetary Union, then turns to the prospects for monetary integration elsewhere in the world - North America, South America, and East Asia. Such cooperation may take the form of full-fledged monetary unions or looser forms of monetary cooperation. The book emphasizes the economic and institutional requirements for successful monetary integration, including the need for a single central bank in the case of a full-fledged monetary union, and the corresponding need for multinational institutions to safeguard its independence and assure its accountability. The book concludes with a chapter on the implications of monetary integration for the United States and the US dollar.
Author: Grace H. Y. Lee
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
