Download or read book Optimal Currency Areas in East Asia written by Chee Heong Quah and published by . This book was released on 2012 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Identification of Optimal Currency Areas in East Asia written by Chee Heong Quah and published by . This book was released on 2011 with total page 974 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Optimum Currency Areas in East Asia written by Grace H. Y. Lee and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Political Economic Critique on the Theory of Optimum Currency Areas and the Implications for East Asia written by Hyoung-kyu Chey and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 creation of one.

Download or read book East Asian Optimal Currency Area A Real Option Perspective written by and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Proposed Strategy for a Regional Exchange Rate Arrangement in Post crisis East Asia written by Masahiro Kawai and published by World Bank Publications. This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.

Download or read book Is East Asia an Optimum Currency Area written by Zhaoyong Zhang and published by . This book was released on 2001 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Is Asia an Optimum Currency Area written by Barry Julian EICHENGREEN and published by . This book was released on 1996 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Currency Union in East Asia written by Han Gwang Choo and published by 대외경제정책연구원. This book was released on 2002 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Regional and Inter regional Monetary Integration written by Dina Jaccob and published by LAP Lambert Academic Publishing. This book was released on 2013 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asia in the 1980s was identified as having the same basic settings as Europe in the 1950s. Asia has much catching up to do if they consider EU as the existing blueprint for success. As EU has experienced long integration and preparation process, a similar route might also bring ASEAN closer to a currency union. Economic integration in ASEAN started exactly ten years after the signing of the Treaty of Rome, through the formation of ASEAN. However, it only gained momentum after the 1997 Asian Financial Crisis which is considered an important milestone in East Asian integration. The monetary authorities in ASEAN members should first link their own home currencies to the Asian Currency Unit before they turn attention to achieving regional monetary integration which paves the way to have ASEM monetary integration. ASEAN is less plausible for a currency union than EU in general. In addition, ASEAN are less responsive to country specific shocks so that adjustment process would be more costly and require longer time. However, a subgroup of ASEAN including Korea, Singapore, Malaysia, Indonesia and Thailand might be good candidates for a currency union since they appear highly synchronized.

Download or read book Is East Asia an Optimum Currency Area written by Kwangsuk Han and published by . This book was released on 2009 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Do the Countries of East and Southeast Asia Constitute an Optimal Currency Area written by Andrew Hill and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Costs and Benefits of Economic Integration in Asia written by Robert J. Barro and published by Oxford University Press. This book was released on 2011-01-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: Costs and Benefits of Economic Integration in Asia brings together authoritative essays that identify and examine various initiatives to promote economic integration in Asia.

Download or read book On the East Asian Monetary Union written by Marco Mele and published by . This book was released on 2015 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial crisis of 1997, progressive economic integration into the world system of countries such as China and India, the introduction of the euro in the European continent and the most recent financial crisis of “subprime” mortgages, collectively constitute the factors that have contributed over the years to search more and more regulated economic relations between the countries of South-East Asia.The Asian financial crisis of 1997, progressive economic integration into the world system of countries such as China and India, the introduction of the euro in the European continent and the most recent financial crisis of “subprime” mortgages, collectively constitute the factors that have contributed over the years to search more and more regulated economic relations between the countries of South-East Asia. In fact, this kind of trade regionalism, would be enriched and concluded when, following the example of the European Monetary Union, the Pacific Rim countries were united under a single currency (although this situation would result in costs such as-the most important-the reduction of monetary sovereignty in favor of a supra-national organism).The theory that studies by the end of the sixties the costs and benefits of a monetary union is that developed by Robert Mundell-later expanded to other contributions-the “optimum currency areas”. It identifies how the cost for future members of the monetary union is bigger than the increase in the risk of asymmetric shocks and less when they are exposed to the possibility of being subjected to the same or similar shock. The asymmetry is reduced by the degree of trade integration between countries (McKinnon), the level of mobility of labor and possible systems of intra-regional fiscal transfers. This study, examining a specific area of South East Asia, will focus on the symmetry of the structural shocks considering it as a precondition for forming an OCA. In particular, we will carry out a VAR to several variables in order to identify, through the function “impulse-response”, the time required to a hypothetical asymmetric shock to be distributed among all the countries in the area.

Download or read book Real Effects of Common Currencies in East Asia written by Kazuko Shirono and published by International Monetary Fund. This book was released on 2007-07 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book Toward an East Asian Exchange Rate Regime written by Duck-Koo Chung and published by . This book was released on 2007 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Analyzes the feasibility of continued exchange rate pegging in East Asia and explores alternatives, including some form of regional monetary integration. Argues for coordinating the adjustment of Asian currencies against the dollar and sketches scenarios for the creation of an Asian central bank and a single Asian currency"--Provided by publisher.

Download or read book Optimum Currency Areas and the European Experience written by Ronald McKinnon and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Across nations or regions, the debate on optimum exchange rate cum monetary policies is not yet resolved on three levels. First is the optimum domain of fixed exchange rates versus keeping them flexible. Second is the subordinate debate on whether one needs full monetary union (as in continental Europe) to secure an optimum currency area's internal domain; or, whether virtually fixed exchange rates - where national currencies remain in circulation - can be sufficient. Third is whether a regional grouping of economies with close trade ties (as in East Asia) gain by collectively pegging to an outside currency such as the US dollar. Using an axiomatic approach, which limits the set of cross-country financial claims to what is feasible, I analyse how best to both share and reduce macroeconomic risks on these three levels.