Currency Cooperation In East Asia

Author : Frank Rövekamp,Hanns Günther Hilpert
Publisher : Springer
Page : 167 pages
File Size : 43,8 Mb
Release : 2014-07-08
Category : Business & Economics
ISBN : 9783319030623

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Currency Cooperation in East Asia by Frank Rövekamp,Hanns Günther Hilpert Pdf

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.

Author : Frank Rovekamp,Hanns-Gunther Hilpert
Publisher : Unknown
Page : 176 pages
File Size : 45,9 Mb
Release : 2014-03-31
Category : Electronic
ISBN : 3319030639

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Currency Cooperation in East Asia by Frank Rovekamp,Hanns-Gunther Hilpert Pdf

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 53,8 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9789814468183

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Fostering Monetary and Financial Cooperation in East Asia by Anonim Pdf

Author : Duck-Koo Chung,Barry Eichengreen
Publisher : Rowman & Littlefield
Page : 176 pages
File Size : 41,5 Mb
Release : 2007-05-01
Category : Business & Economics
ISBN : 9780815714187

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Toward an East Asian Exchange Rate Regime by Duck-Koo Chung,Barry Eichengreen Pdf

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 : Masahiro Kawai,Yung Chul Park,Charles Wyplosz
Publisher : Oxford University Press, USA
Page : 255 pages
File Size : 46,6 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780198714156

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Monetary and Financial Cooperation in East Asia by Masahiro Kawai,Yung Chul Park,Charles Wyplosz Pdf

This edited volume evaluates the prospects for monetary and financial cooperation in East Asia after the crises in the developed countries (2008 in the US, 2010 in Europe)

Author : Raul V. Fabella
Publisher : Unknown
Page : 70 pages
File Size : 54,7 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822032281404

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Monetary Cooperation in East Asia by Raul V. Fabella Pdf

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.

Author : Ulrich Volz
Publisher : MIT Press
Page : 339 pages
File Size : 50,6 Mb
Release : 2010
Category : East Asia
ISBN : 9780262013994

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Prospects for Monetary Cooperation and Integration in East Asia by Ulrich Volz Pdf

East Asian countries were notably uninterested in regional monetary integration until the late 1990's, when the Asian financial crisis revealed the fragility of the region's exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. In this book Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options. --

Author : Sŭng-yŏng Kwak
Publisher : 대외경제정책연구원
Page : 96 pages
File Size : 42,8 Mb
Release : 2003
Category : East Asia
ISBN : UCSD:31822032963456

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Monetary Cooperation in East Asia by Sŭng-yŏng Kwak Pdf

Author : Duck-Koo Chung,Barry J. Eichengreen
Publisher : World Scientific
Page : 190 pages
File Size : 51,5 Mb
Release : 2009
Category : Business & Economics
ISBN : 9789814271530

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Fostering Monetary & Financial Cooperation in East Asia by Duck-Koo Chung,Barry J. Eichengreen Pdf

Since the Asian financial crisis of 1997?1998, there has been a deep and abiding desire on the part of Asian policy makers and opinion makers to enhance the region's economic, monetary and financial self-sufficiency ? or at least to ring-fence the region against financial instability and give it a louder voice in global financial affairs. There has been progress in these directions, notably in the form of the Chiang Mai Initiative of financial supports and the Asian Bond Market Initiative to build a single Asian financial market. But progress is hindered by disagreements among the principal national governments ? Japan, China and South Korea ? and resistance to the development of an Asian bloc from both Europe and the United States.This volume considers these issues from a number of different national and analytical perspectives. Scholars from all the relevant regions and countries are represented: Japan, China, Korea, Europe and the United States. The treatments are rigorous, but nontechnical and accessible. While there have been a few previous books and articles concerned with the issue of Asian integration, this is one of the first volumes to successfully draw together top contributors from these different countries and regions to address the issues in a rigorous but relatively accessible way.

Author : Haruhiko Kuroda,Masahiro Kawai
Publisher : Unknown
Page : 52 pages
File Size : 44,9 Mb
Release : 2002
Category : Asian cooperation
ISBN : STANFORD:36105113014000

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Strengthening Regional Financial Cooperation in East Asia by Haruhiko Kuroda,Masahiro Kawai Pdf

"This paper argues that a regional financial architecture needs to be firmly established in East Asia, outlines recent developments in financial cooperation in the region, and provides possible directions for the future". -- p. 1.

Author : Pradumna B. Rana,Srinivasa Madhur
Publisher : Unknown
Page : 65 pages
File Size : 44,8 Mb
Release : 2003-11
Category : Electronic
ISBN : 0756737362

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Monetary and Financial Cooperation in East Asia by Pradumna B. Rana,Srinivasa Madhur Pdf

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.

Author : William W. Grimes
Publisher : Unknown
Page : 248 pages
File Size : 41,7 Mb
Release : 2009
Category : Business & Economics
ISBN : 0801446899

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Currency and Contest in East Asia by William W. Grimes Pdf

Grimes uses primary research and interviews with scores of participants and policy analysts to provide the most accurate, complete, and detailed description available of attempts to build financial cooperation among East Asian countries.

Author : R. Rajan
Publisher : Springer
Page : 242 pages
File Size : 50,8 Mb
Release : 2009-03-26
Category : Business & Economics
ISBN : 9780230234192

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Exchange Rates, Currency Crisis and Monetary Cooperation in Asia by R. Rajan Pdf

This book concentrates on exchange rates and their macroeconomic consequences, analytical and empirical issues relating to currency crises and policy responses and monetary and financial cooperation in Asia. It is truely pan-Asia-focused with chapters on China, Japan, Korea, India and Southeast Asia.

Author : William M. Grimes
Publisher : Cornell University Press
Page : 265 pages
File Size : 41,9 Mb
Release : 2011-03-15
Category : Political Science
ISBN : 9780801457432

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Currency and Contest in East Asia by William M. Grimes Pdf

Since the Asian Financial Crisis of 1997-98, East Asian economies have sought to make themselves less vulnerable to global financial markets by transforming the regional financial architecture. With Japan as a leading actor, they have introduced initiatives to provide emergency financing to crisis economies, support the development of local-currency bond markets, and better coordinate currency policies. In Currency and Contest in East Asia, William W. Grimes builds on years of primary research and scores of interviews with participants and policy analysts to provide the most accurate, complete, and detailed description available of attempts to build financial cooperation among East Asian countries. Adapting realist political economy theory to the realities of contemporary global finance, Grimes places regional issues firmly in the wider context of great-power rivalries. He argues that financial regionalism can best be understood as one arena for competition among Japan, the United States, and China. Despite their mutual desire for regional prosperity and economic stability, these three powers have conflicting political interests. Their struggles for regional leadership raise questions about the long-term feasibility of regional financial cooperation, the possible effects of Sino-Japanese rivalry on regional financial stability, and the potential for East Asian financial regionalism to undermine the long-established-albeit waning-global and regional dominance of the United States and the dollar.

Author : Han Gwang Choo,Yun-jong Wang
Publisher : 대외경제정책연구원
Page : 276 pages
File Size : 53,6 Mb
Release : 2002
Category : East Asia
ISBN : UCSD:31822032044042

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Currency Union in East Asia by Han Gwang Choo,Yun-jong Wang Pdf