The Theory of Optimum Currency Areas and the Possibility of Forming a Yen Bloc in Asia

The Theory of Optimum Currency Areas and the Possibility of Forming a Yen Bloc in Asia PDF Author: C. H. Kwan
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 24

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Book Description

The Theory of Optimum Currency Areas and the Possibility of Forming a Yen Bloc in Asia

The Theory of Optimum Currency Areas and the Possibility of Forming a Yen Bloc in Asia PDF Author: C. H. Kwan
Publisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 24

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Book Description


Yen Bloc

Yen Bloc PDF Author: C. H. Kwan
Publisher: Rlpg/Galleys
ISBN:
Category : Business & Economics
Languages : en
Pages : 240

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Book Description
" In this important new book, C.H. Kwan asks whether the Japanese yen can, or will, replace the dollar as the key currency in East Asia. Kwan analyzes the implications for Japan and Asia's developing countries should they come together to form a yen bloc--a grouping of countries that use the yen as an international currency and maintain stable exchange rates against the yen. Combining academic analysis with his experience advising the Japanese prime minister and the Japanese minister of finance, Kwan concludes that a yen bloc might benefit Asia's developing countries--as well as Japan--while contributing to a more stable international monetary order. Kwan's book represents the first attempt to explore systematically the possibility of monetary integration in Asia. It also provides a vision for regional integration in Asia in the twenty-first century. "

Yen Bloc

Yen Bloc PDF Author: C. H. Kwan
Publisher: Rowman & Littlefield
ISBN: 9780815798705
Category : Business & Economics
Languages : en
Pages : 236

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Book Description
In this important new book, C.H. Kwan asks whether the Japanese yen can, or will, replace the dollar as the key currency in East Asia. Kwan analyzes the implications for Japan and Asia's developing countries should they come together to form a yen bloc—a grouping of countries that use the yen as an international currency and maintain stable exchange rates against the yen. Combining academic analysis with his experience advising the Japanese prime minister and the Japanese minister of finance, Kwan concludes that a yen bloc might benefit Asia's developing countries—as well as Japan—while contributing to a more stable international monetary order. Kwan's book represents the first attempt to explore systematically the possibility of monetary integration in Asia. It also provides a vision for regional integration in Asia in the twenty-first century.

Regional Integration – Europe and Asia Compared

Regional Integration – Europe and Asia Compared PDF Author: Woosik Moon
Publisher: Taylor & Francis
ISBN: 1351905511
Category : Business & Economics
Languages : en
Pages : 243

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Book Description
This book examines and compares the integration process in both Europe and Asia, and draws some possible lessons for East Asia from the European experience. The book embraces the political dimension of integration (peace and security), economic, trade and monetary aspects, as well as cultural aspects.

Asian Monetary Integration

Asian Monetary Integration PDF Author: Woosik Moon
Publisher: Edward Elgar Publishing
ISBN: 1781009155
Category : Business & Economics
Languages : en
Pages : 241

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Book Description
Numerous ideas for monetary and financial cooperation in East Asia have been proposed both within and outside the region since the financial crisis in Asia. Despite this strong level of interest, however, there are few studies that aim to comprehensively address the issue from multiple perspectives. This insightful book redresses the balance and illustrates how East Asian countries plan to take advantage of their rising economic power in rearranging the new international monetary and financial order in the post-crisis era. The expert contributors examine the history, conditions and current efforts towards monetary integration in Asia and explore possible future paths, highlighting the roles and perspectives of East Asian countries in the integration process. They consider how East Asian economies could establish their own zone of monetary stability, and show that monetary stability cannot be separately addressed from the issues of economic growth and solidarity. Without economic growth and solidarity, there would be no purpose in pursuing monetary integration, therefore all three challenges must be simultaneously addressed. Against this backdrop, the book tackles the issues of East Asian monetary integration underpinned by the broad framework of economic growth and solidarity. Scholars of economics, monetary integration, Asian studies and regionalism will find this book to be an illuminating and thought-provoking read.

Costs and Benefits of Economic Integration in Asia

Costs and Benefits of Economic Integration in Asia PDF Author: Robert J. Barro
Publisher: Oxford University Press
ISBN: 0199780773
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
Costs and Benefits of Economic Integration in Asia brings together authoritative essays that identify and examine various initiatives to promote economic integration in Asia.

East Asia's Monetary Future

East Asia's Monetary Future PDF Author: Suthiphand Chirathivat
Publisher: Edward Elgar Publishing
ISBN: 9781845423384
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
Leading scholars from East Asia, Europe and the US contribute new insights to the key questions facing the organization and future of the monetary system in East Asia. Central questions discussed and analysed in the book include, amongst others: should the region move towards monetary union? Should countries peg their exchange rates to the US dollar? Is complete dollarization an option for East Asia? The authors argue that, having realized price stability over the last twenty years, in contrast to Latin America and Africa, the next logical step would be the gradual formation of various currency blocs within the region. This comprehensive discussion of the fundamental issues at stake will ensure the book's appeal to academics and researchers of Asian studies and financial economics. Financial experts working in this area and policymakers will also find much of interest to them within this book.

Institutional Change in Southeast Asia

Institutional Change in Southeast Asia PDF Author: Fredrik Sjöholm
Publisher: Psychology Press
ISBN: 9780415338714
Category : Business & Economics
Languages : en
Pages : 232

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Book Description
Institutional Change in Southeast Asiaexamines the institutional changes taking place in, and challenges facing, the region since 1997. The book focuses on determinants to the adjustments and on implementations of the reforms. It also describes various differences in the reform process between countries in the region. Southeast Asia's economic development over the last decades has been impressive. Most of the region achieved consistently high growth rates accompanied by significant structural transformation and industrialization, poverty alleviation and improvements in their overall standard of living as indicated by such social indicators as greater longevity, more widespread delivery of basic education and lower infant mortality rates. However, the crisis that struck Southeast Asia in 1997 had severe economic, social and political consequences in the region. It also threw into doubt the future economic prosperity of the countries in Southeast Asia and raised intriguing questions about the quality of their institutions and their approach to economic development. Sjöholm and Tongzon argue that the economies of Southeast Asia need to reform their institutions if the previous rapid development is to continue. The institutional weaknesses have been addressed to different degrees and with different success in the affected countries. Against the backdrop of Southeast Asia's importance in the world economy, it is hardly possible to overestimate the need to understand this process of change.

Globalization and the Asia Pacific Economy

Globalization and the Asia Pacific Economy PDF Author: Kyung Tae Lee
Publisher: Taylor & Francis
ISBN: 1134463650
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
This book looks at globalisation in historical perspective and *examines the experience of East Asian economies during the financial crisis *provides an account of globalisation through the activities of Japanese multinational enterprises *deals with the social consequences of exposure to the financial market risks of globalisation in East Asia *details the experience of East Asian economies in managing the financial crisis *draws lessons from East Asian experience with financial market liberalisation *asks what approaches to international financial cooperation, trade policy and corporate governance can assist East Asian interests in the world economy.

Reform Of The International Monetary System: Chinese Perspectives And Strategies

Reform Of The International Monetary System: Chinese Perspectives And Strategies PDF Author: Xiao Li
Publisher: World Scientific
ISBN: 9811218889
Category : Political Science
Languages : en
Pages : 803

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Book Description
This book proposes that the short-term goal of the current reform of the international monetary system should be a combination of controlling 'imbalances' and 'the risk of the dollar', namely using the balance of payments coordination mechanism to suppress risks by exchange rate cooperation. The reforms of international reserve currencies, international financial institutions, and international financial regulation provide a good external environment for the stable development of the world economy. The book discusses the mechanisms that will continue to support the hegemony of the US dollar and the US dollar system in the future, including the commodity dollar return mechanism, the international debt repayment mechanism, the petroleum dollar pricing mechanism and the dollar rescue mechanism in financial crisis. The book predicts that the current international currency system dominated by the US dollar will remain sustainable for a long time. Finally, the book proposes four strategies for China's participation in the reform of the international monetary system.