Currency Cooperation in East Asia

Business & Finance, Economics, Macroeconomics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Currency Cooperation in East Asia by , Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9783319030623
Publisher: Springer International Publishing Publication: July 8, 2014
Imprint: Springer Language: English
Author:
ISBN: 9783319030623
Publisher: Springer International Publishing
Publication: July 8, 2014
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer International Publishing

Cover of the book Glutamate and ATP at the Interface of Metabolism and Signaling in the Brain by
Cover of the book The DARPA Robotics Challenge Finals: Humanoid Robots To The Rescue by
Cover of the book Reversible and Quantum Circuits by
Cover of the book Nonmalignant Hematology by
Cover of the book Quality of Machined Wood Surfaces by
Cover of the book E-Technologies: Embracing the Internet of Things by
Cover of the book Environment and Society by
Cover of the book Security and Privacy for Mobile Healthcare Networks by
Cover of the book Chronic Traumatic Encephalopathy (CTE) by
Cover of the book Schooling in Sub-Saharan Africa by
Cover of the book Modern Methods in Collisional-Radiative Modeling of Plasmas by
Cover of the book The Undercount of Young Children in the U.S. Decennial Census by
Cover of the book Culture and Health Disparities by
Cover of the book WALCOM: Algorithms and Computation by
Cover of the book Logotherapy and Existential Analysis by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy