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 Road Tunnels by
Cover of the book Web Information Systems Engineering – WISE 2015 by
Cover of the book Chaos: Concepts, Control and Constructive Use by
Cover of the book Global Political Economy by
Cover of the book Linear Algebra for Computational Sciences and Engineering by
Cover of the book Complex, Intelligent, and Software Intensive Systems by
Cover of the book Understanding Child Neglect by
Cover of the book The Rule of Crisis by
Cover of the book Value Creation in International Business by
Cover of the book Internationalization of Banks by
Cover of the book The Future of Work in Information Society by
Cover of the book Professional Responsibility by
Cover of the book Adolescent Girls' Migration in The Global South by
Cover of the book Global Perspectives on Catholic Religious Education in Schools by
Cover of the book Electrophysiology 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