This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of …, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue …

Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia … model. Counter-factual experiments to assess the effects of various hypothetical currency arrangements for East Asia suggest … moderate. However, if Japan, a major trade partner for East Asia, is included in the union, welfare effects increase …

, macro-financial linkages, and macroprudential policies in emerging Asia. The key result is that macro-prudential measures …

economic centers may have contributed to this relatively poor performance. However, the emergence of Asia as a global economic … center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in …