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Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 55,7 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9789814468183
Author : Duck-Koo Chung,Barry J. Eichengreen
Publisher : World Scientific
Page : 190 pages
File Size : 52,6 Mb
Release : 2009
Category : Political Science
ISBN : 9789814271547
Since the Asian financial crisis of 1997OCo1998, 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 OCo 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 OCo Japan, China and South Korea OCo 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. 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 : Masahiro Kawai,Yung Chul Park,Charles Wyplosz
Publisher : OUP Oxford
Page : 240 pages
File Size : 43,6 Mb
Release : 2015-04-02
Category : Business & Economics
ISBN : 9780191023583
The global financial crisis and the Eurozone crisis have led to a profound rethink in East Asia about the international monetary system and regional monetary and financial integration. After the East Asian crisis of 1997, deeper regional cooperation was seen as the way to avoid reliance on the IMF and the rest of the world. Steps were taken, but they were limited because of disagreements reflecting regional rivalries. Still, integration into the global financial system and Europe's regional process were seen as objectives to be adapted to East Asia, as detailed in an overview chapter. The crises have shaken this strategy but also revealed the pre-existing deep disagreements. This book presents contributions by scholars from different countries. Each one was invited to describe the vision of their policymakers. The traidtional rivalry between China and Japan, the region's largest economies, reveals Chinese confidence into its rising power and Japanese growing doubts about its ability to weigh on the debate. For opposite reasons, both display a declining interest into regional cooperation. Korea and the ASEAN countries do not wish to choose between the regional powers but remain attached to regional cooperation and integration. They look for pragmatic solutions that recognize the value-chain characteristic of trade. Additional contributions by US and European scholars provide evaluations of the global and Eurozone crises and of their relevance for East Asian integration.
Author : Haruhiko Kuroda,Masahiro Kawai
Publisher : Unknown
Page : 52 pages
File Size : 41,7 Mb
Release : 2002
Category : Asian cooperation
ISBN : STANFORD:36105113014000
"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 : 40,9 Mb
Release : 2003-11
Category : Electronic
ISBN : 0756737362
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 : Yung Chul Park,Charles Wyplosz
Publisher : OUP Oxford
Page : 192 pages
File Size : 40,7 Mb
Release : 2010-07-01
Category : Business & Economics
ISBN : 9780191582929
This book looks at East Asia's monetary and financial integration from both Asian and European perspectives. It analyses the Euro area's framework for monetary policy implementation, introduced in 1999. It reviews the efforts to foster regional monetary and financial integration and relates them to Europe's own evolution. It highlights successes and failures in both cases and offers a careful assessment of the state of play. A central theme of the volume is that the East Asian reliance on markets is not enough to promote the kind of deep integration that Europe has achieved and that provides protection against exchange rate turbulence. The implications of the recent global crisis are also examined. Written by two of the foremost monetary experts on Asia and Europe, this book will be an invaluable aid to students and academics interested in the relevance of the European experience to the debates about monetary integration in East Asia.
Author : Yun-jong Wang
Publisher : 대외경제정책연구원
Page : 56 pages
File Size : 47,5 Mb
Release : 2002
Category : Asian cooperation
ISBN : UCSD:31822031352206
Author : Ulrich Volz
Publisher : MIT Press
Page : 339 pages
File Size : 54,8 Mb
Release : 2010
Category : East Asia
ISBN : 9780262013994
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 : Raul V. Fabella
Publisher : Unknown
Page : 70 pages
File Size : 48,7 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822032281404
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 : Wendy Dobson,Gordon De Brouwer,Soogil Young
Publisher : Unknown
Page : 4 pages
File Size : 44,6 Mb
Release : 2003
Category : Asian cooperation
ISBN : 9810495390
Author : Anonim
Publisher : CSIS
Page : 18 pages
File Size : 51,8 Mb
Release : 2024-06-30
Category : Electronic
ISBN : 9780892066179
Author : Frank Rövekamp,Hanns Günther Hilpert
Publisher : Springer
Page : 167 pages
File Size : 54,9 Mb
Release : 2014-07-08
Category : Business & Economics
ISBN : 9783319030623
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 : Woosik Moon,Yeongseop Rhee
Publisher : Edward Elgar Publishing
Page : 241 pages
File Size : 45,6 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781781009154
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.
Author : Asian Development Bank
Publisher : Palgrave Macmillan
Page : 207 pages
File Size : 51,8 Mb
Release : 2004-03-04
Category : Business & Economics
ISBN : 1403918821
Since the 1997 Asian financial crisis, countries in East Asia have made efforts to promote regional monetary and financial cooperation to complement the evolving international financial architecture. This increased interest in regional monetary and financial cooperation has resulted in several initiatives - the ASEAN Surveillance Process, the ASEAN+3 Finance Ministers Process including its Chiang Mai Initiative of 2000, the Manila Framework Group and the Asia-Europe Finance Ministers Process to name a few. These developments in some ways represent a significant break from the past. Going forward the key challenge is how to set priorites and sequence developments so as to smooth the path to a new regional financial architecture. This two-volume set takes up the issue of developing a road map of policy options, both at the regional and country levels, for carrying forward the ongoing efforts in monetary and financial cooperation in East Asia. Building on a series of core reports and background papers by eminent economists and policymakers around the world commissioned under an ADB technical assistance project, the books explore what is feasible and desirable in regional monetary and financial cooperation and lays out a road map for putting the concept into action over the next several years. Volume 1 contains an overview by Peter Montiel, and three core studies by Olam Chaipravat, Eric Girardin, and Takatoshi Ito and Yung-Chul Park. Volume 2 contains background papers by Robert J. Barro; Elbliog‚onore Boiscuvier and Alfred Steinherr; Barry Eichengreen; Jeffrey A. Frankel; Eric Girardin; Jong-Wha Lee; Yung-Chul Park and Kwanho Shin; Ronald McKinnon; Eiji Ogawa, Takatoshi Ito, and Yuri Nagataki Sasaki; Ramkishen Rajan and Reza Siregar; Yunjong Wang and Wing Thye Woo; and Charles Wyplosz. The volumes and the study on which they were based were conceptualized, supervised, and coordinated by Pradumna B. Rana and Srinivasa Madhur.
Author : Masahiro Kawai,Yung Chul Park,Charles Wyplosz
Publisher : Oxford University Press, USA
Page : 255 pages
File Size : 46,5 Mb
Release : 2015
Category : Business & Economics
ISBN : 9780198714156
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)
