Currency Area East Asia: Cooperation or Confrontation?

Frank Rövekamp () and Hanns Günther Hilpert ()
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Frank Rövekamp: East Asia Institute
Hanns Günther Hilpert: Stiftung Wissenschaft und Politik

A chapter in Currency Cooperation in East Asia, 2014, pp 1-19 from Springer

Abstract: Abstract As East Asia is growing together in real economic terms and becoming the center of gravity of the world economy, voices from business and politics of the region are increasingly calling for intraregional currency cooperation in order to mitigate financial and developmental risks. Taking a closer look, this chapter elaborates the specific environmental conditions for currency cooperation and discusses critically the goals, modes and limits of currency cooperation in the region. Given the diversity of the region and the dominance of national economic objectives, the chapter concludes on a skeptical note to overly inflexible exchange rate systems and overambitious regional funds.

Keywords: Exchange Rate; Monetary Policy; International Monetary Fund; Monetary Authority; Exchange Rate Volatility (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fimchp:978-3-319-03062-3_1

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DOI: 10.1007/978-3-319-03062-3_1

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