Showing 1 - 10 of 164
durable Bretton Woods II arrangement, Asia then went on to slowly raise flexibility and reduce the role for the US Dollar … paper proposes a new measure of dollar pegging, the "Bretton Woods II score". We find that by this measure Asia has been …
Persistent link: https://www.econbiz.de/10009363857
Since the Asian crisis it has been recognized that exchange rate and monetary policy strategies must involve a fairly high element of flexibility rather than a single-minded defense of a particular rate. One way this flexibility might be introduced is by a country adopting an open economy...
Persistent link: https://www.econbiz.de/10009364006
There is a broad consensus that the soft US dollar pegs operated by a number of Asian countries prior to 1997 contributed to the regional financial crisis of 1997-98. There is, however, much less agreement on the types of exchange rate regimes operated by many Asian countries since the crisis....
Persistent link: https://www.econbiz.de/10009365426
Economic integration should not be an end in itself, but the outcome of domestic reforms that increase the general contestability of markets. The paper finds that for India, comprehensive domestic regulatory reform dominates as an integration strategy, while an ASEAN+6 PTA would fail to deliver...
Persistent link: https://www.econbiz.de/10009363714
Persistent link: https://www.econbiz.de/10009365317
The first decade of economic and monetary union in Europe (EMU) has been a huge success. EMU has significantly benefited its member countries and accelerated the European integration process. Imbalances within EMUdifferences in growth, inflation, competitiveness, current account and budget...
Persistent link: https://www.econbiz.de/10009363273
The policy measures taken to date in the Asia-Pacific region are helping to cushion the blow of the global recession …
Persistent link: https://www.econbiz.de/10009363687
preventing and mitigating financial crises? This paper reviews and compares the experiences of Europe and Asia, which have taken … this background, the crisis is a wake-up call for further progress on monetary integration in Asia along the lines of the …
Persistent link: https://www.econbiz.de/10009363805
in East Asia, and the most realistic option is for the region’s emerging economies to adopt similar managed floating …’s internationalization and the lack of the renminbi’s (or the prospect of its rapid) full convertibility, it is in the interest of East Asia … monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and further strengthen …
Persistent link: https://www.econbiz.de/10011278016
in East Asia, and the most realistic option is for the region’s emerging economies to adopt similar managed floating …’s internationalization and the lack of the renminbi’s (or the prospect of its rapid) full convertibility, it is in the interest of East Asia … monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and further strengthen …
Persistent link: https://www.econbiz.de/10011278111