Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia

Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia
Author :
Publisher : INTERNATIONAL MONETARY FUND
Total Pages : 32
Release :
ISBN-10 : 1451871503
ISBN-13 : 9781451871500
Rating : 4/5 (500 Downloads)

Book Synopsis Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia by : Kazuko Shirono

Download or read book Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia written by Kazuko Shirono and published by INTERNATIONAL MONETARY FUND. This book was released on 2009-01-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade.


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