This issue presents research on empirical and institutional aspects of monetary and financial integration in East Asia. In the wake of the East Asian crisis, the perspective of greater cooperation among East Asian countries has attracted a lot of interest. Some timid attempts have been made. However
China's role in East-Asian monetary integration
β Scribed by Carsten Hefeker; Andreas Nabor
- Publisher
- John Wiley and Sons
- Year
- 2005
- Tongue
- English
- Weight
- 110 KB
- Volume
- 10
- Category
- Article
- ISSN
- 1076-9307
- DOI
- 10.1002/ijfe.265
No coin nor oath required. For personal study only.
β¦ Synopsis
Abstract
Most proposals for EastβAsian monetary cooperation assign a special role to the Japanese yen as anchor currency. We focus on the potential role of the Chinese renminbi. Since China will assume the role of the dominant economy in the region and become a more important destination for Asian products than Japan eventually, this development assigns a special role to the Chinese currency. It is rather unlikely that the renminbi will assume a dominant role immediately, but a comparison with the European monetary integration process suggests designing a system where the relative weight of the renminbi increases gradually. Copyright Β© 2005 John Wiley & Sons, Ltd.
π SIMILAR VOLUMES
## Abstract This paper examines the floating population, one of the most important products of China's reform and openβdoor policies since the 1980s, from the perspectives of household strategies in migration, regional development and regional integration. Based on various data sources, including g
In this study, an East Asian summer monsoon intensity index is defined and the summer monthly indices of the East Asian monsoon are calculated for the period 1873-1 989. Studies of the climate change of the index indicate that around 19 18 the East Asian monsoon experienced an abrupt change, from we