Prospects for Monetary Cooperation and Integration in East Asia

Prospects for Monetary Cooperation and Integration in East Asia PDF

Author: Ulrich Volz

Publisher: MIT Press

Published: 2010

Total Pages: 339

ISBN-13: 0262013991

DOWNLOAD EBOOK →

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. --

Monetary and Financial Cooperation in East Asia

Monetary and Financial Cooperation in East Asia PDF

Author: Masahiro Kawai

Publisher: Oxford University Press, USA

Published: 2015

Total Pages: 255

ISBN-13: 0198714157

DOWNLOAD EBOOK →

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)

Currency Cooperation in East Asia

Currency Cooperation in East Asia PDF

Author: Frank Rövekamp

Publisher: Springer

Published: 2014-07-08

Total Pages: 167

ISBN-13: 3319030620

DOWNLOAD EBOOK →

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.

Fostering Monetary & Financial Cooperation in East Asia

Fostering Monetary & Financial Cooperation in East Asia PDF

Author: Duck-Koo Chung

Publisher: World Scientific

Published: 2009

Total Pages: 190

ISBN-13: 9814271543

DOWNLOAD EBOOK →

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.

Strengthening Regional Financial Cooperation in East Asia

Strengthening Regional Financial Cooperation in East Asia PDF

Author: Haruhiko Kuroda

Publisher:

Published: 2002

Total Pages: 52

ISBN-13:

DOWNLOAD EBOOK →

"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.