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With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134348
With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134381
This paper explores the impacts of exchange rate on trade between Japan and China, with special attention to ….S. dollar for several years, it has been fluctuating against the Japanese yen, which provides us with a natural experiment to …
Persistent link: https://www.econbiz.de/10009363907
This paper distills some policy lessons from the financial services integration programme in the European Union for East Asia. Focusing on the improved cross-border facilitation of financial flows rather than on general macroeconomic factors related to optimal currency area formation, the paper...
Persistent link: https://www.econbiz.de/10009363883
The results highlight the conflicting interests of countries — to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange...
Persistent link: https://www.econbiz.de/10010857579
Nations JEL Classification : F3, F4 (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 …
Persistent link: https://www.econbiz.de/10009652191
Nations JEL Classification : F3, F4 (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 …
Persistent link: https://www.econbiz.de/10009652209
The results highlight the conflicting interests of countries — to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange...
Persistent link: https://www.econbiz.de/10010901624
This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy … of China (PRC)–to move to a more flexible regime vis-à-vis the US dollar. Second, given the limited degree of the yen … a leadership role in this endeavor. There is no question that Japan and the PRC are such potential leaders, and the two …
Persistent link: https://www.econbiz.de/10011278016
This paper discusses Japan’s strategy for Asian monetary integration. It argues that Japan faces three major policy … of China (PRC)–to move to a more flexible regime vis-à-vis the US dollar. Second, given the limited degree of the yen … a leadership role in this endeavor. There is no question that Japan and the PRC are such potential leaders, and the two …
Persistent link: https://www.econbiz.de/10011278111