Chapter 6 On the Choice of Exchange Rate Regimes for East Asian Countries

Ulrich Volz

A chapter in The Evolving Role of Asia in Global Finance, 2011, pp 123-156 from Emerald Group Publishing Limited

Abstract: This chapter examines exchange rate options for East Asian countries, taking into account their real economic linkages as well as their international financial relations. Particular consideration is given to possible exchange rate cooperation within the region. For this purpose, the literature on the optimal peg is reconsidered and subsequently extended to include a country's international financial asset and liability situation. That is, instead of focusing solely on nominal or real effective exchange rates, the chapter proposes a blend of “real” and “financial” exchange rates for analyzing “optimal” exchange rate policy.

Keywords: Choice of exchange rate regime; optimal peg; monetary integration; East Asia (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eme:fegzzz:s1574-8715(2011)0000009011

DOI: 10.1108/S1574-8715(2011)0000009011

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