Park, Yung Chul; Song, Chi-Young - 2011
(ASEAN); Hong Kong, China; the PRC; and Taipei, China. Japan has shown less interest in assuming a greater role in East Asia …'s economic integration due to deflation, a strong yen, slow growth, and political instability. Japan would not eschew free … floating. These recent developments demand a new modality of monetary cooperation among the Republic of Korea, Japan, and the …