[PDF] The Yen And Its East Asian Neighbors 1980 95 eBook

Author : Shinji Takagi
Publisher :
Page : 23 pages
File Size : 14,48 MB
Release : 1996
Category :
ISBN :

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By looking at how an East Asian currency moves when the yen fluctuates sharply against the US dollar, we sometimes find that the reaction has been much more significant than would be suggested by the econometric estimates of the weight of the yen in nominal exchange rate determination. Moreover, the Korean won and the Malaysian ringgit have tended to move more closely with a depreciating yen, suggesting the countries' emphasis on export promotion. The Singapore dollar, on the other hand, has tended to move more closely with an appreciating yen, underscoring the importance attached to price stability. The paper concludes that, given the trend appreciation of the yen during the recent past, emphasis on price stability has contributed more to monetary cooperation in Asia than emphasis on export promotion

Author : Takatoshi Ito
Publisher : Routledge
Page : 355 pages
File Size : 43,2 MB
Release : 2007-01-24
Category : Business & Economics
ISBN : 1134176015

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The failure of the dollar peg to prevent the Asian currency crisis of 1997 to 1998 has highlighted the importance of the exchange rate regime in Asia and provoked much discussion as to what the alternatives are in terms of exchange rate systems. Bringing together extensive research on Asian basket currencies in one volume, this new text discusses whether a currency basket system is the answer, striking a balance between the theoretical and empirical. With strong policy implications for East Asia, the impressive team of contributors argue that for countries that have close economic relationships with several currency areas, it is well worth considering a currency basket system. The book also pursues the important idea of coordination failure, whereby if each individual country tries to adopt an optimal exchange rate given other neighbouring countries' policies, they may collectively fail to reach a region's optimal exchange rate regime. A Basket Currency for Asia is a topical and significant text that will appeal to students and scholars of international finance and Asian economics.

Author : Pierre-Bruno Ruffini
Publisher : Presses universitaires de Rouen et du Havre
Page : 276 pages
File Size : 23,31 MB
Release : 2002-01-01
Category : History
ISBN : 9782877757324

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Touchées en 1997 par une crise d'une ampleur inégalée, les économies d'Asie de l'Est ont été contraintes d'adapter leurs appareils de production et leurs régimes de change, et de redéfinir leur position sur l'échiquier de la mondialisation. Le livre, écrit en anglais, analyse les mécanismes de reconstruction indispensables à la survie et au développement de ces économies.

Author : Takatoshi Ito
Publisher : University of Chicago Press
Page : 466 pages
File Size : 31,47 MB
Release : 2007-12-01
Category : Business & Economics
ISBN : 0226386937

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The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.

Author : Jagdish Handa
Publisher : World Scientific
Page : 284 pages
File Size : 38,12 MB
Release : 2011
Category : Business & Economics
ISBN : 981433894X

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"This book presents five theoretical and empirical studies on growth, capital flows, exchange rates and monetary policy. The empirical parts of three of the studies use data from the ASEAN-4 countries of Indonesia, Malaysia, Philippines, Thailand, with the remaining two studies using data on China."--Preface.

Author : Stefan Collignon
Publisher : Routledge
Page : 432 pages
File Size : 30,65 MB
Release : 2003-09-02
Category : Business & Economics
ISBN : 1134683804

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This book discusses the future of Asian currencies in a changing monetary system assessing the roles of the dollar, Euro and yen.

Author : Suthiphand Chirathivat
Publisher : Edward Elgar Publishing
Page : 272 pages
File Size : 13,73 MB
Release : 2005-01-01
Category : Business & Economics
ISBN : 9781845423384

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Leading scholars from East Asia, Europe and the US contribute new insights to the key questions facing the organization and future of the monetary system in East Asia. Central questions discussed and analysed in the book include, amongst others: should the region move towards monetary union? Should countries peg their exchange rates to the US dollar? Is complete dollarization an option for East Asia? The authors argue that, having realized price stability over the last twenty years, in contrast to Latin America and Africa, the next logical step would be the gradual formation of various currency blocs within the region. This comprehensive discussion of the fundamental issues at stake will ensure the book's appeal to academics and researchers of Asian studies and financial economics. Financial experts working in this area and policymakers will also find much of interest to them within this book.