Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia
| Autor: | Kazuko Shirono |
|---|---|
| Rok vydání: | 2009 |
| Předmět: |
business.industry
media_common.quotation_subject International economics International trade Exchange rate regimes Economic models East Asia Economic cooperation Data analysis Currencies China Japan Monetary unions Trade Trade models Currency Union Gravity Model currency unions trade effects exchange rate regional trade bilateral trade Exchange-rate regime Currency union Bilateral trade Exchange rate Gravity model of trade Reserve currency Currency Economics General Earth and Planetary Sciences Economic model business Welfare General Environmental Science media_common |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| DOI: | 10.2139/ssrn.1356458 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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