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Europe's debt crisis, coordination failure, and international effects
Collignon, Stefan - 2012
. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …
Persistent link: https://www.econbiz.de/10010397341
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Will history repeat itself? Lessons for the yuan
Cohen, Benjamin J. - 2014
included the deutsche mark (DM), the Japanese yen, and the euro (successor to the DM). Yet in the end their …
Persistent link: https://www.econbiz.de/10010397217
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Economic stability and choice of exchange rate regimes
Kaji, Sahoko - 2013
the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the … euro. Many members were losing competitiveness and in need of removing structural rigidities. If anything, the euro was … introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …
Persistent link: https://www.econbiz.de/10010397268
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From the Chiang Mai Initiative to an Asian Monetary Fund
Kawai, Masahiro - 2015
Following the 1997-1998 Asian financial crisis, financial authorities in ASEAN+3 embarked on several new initiatives for East Asia's financial cooperation, including: (i) regional economic surveillance led by the Economic Review and Policy Dialogue (ERPD); (ii) a regional liquidity support...
Persistent link: https://www.econbiz.de/10011311020
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Prevention and resolution of foreign exchange crises in East Asia
Sussangkarn, Chalongphob - 2012
This paper discusses mechanisms to prevent and resolve foreign exchange crises in East Asia. Policies and mechanisms at the country level as well as regional and global levels are discussed. Policies at the level of a particular country to prevent foreign exchange crises include the management...
Persistent link: https://www.econbiz.de/10010397260
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Paths to a reserve currency: Internationalization of the renminbi and Its implications
Huang, Yiping; Wang, Daili; Fan, Gang - 2014
In this paper we try to address the question of what could help make the renminbi a reserve currency. In recent years, the authorities in the People's Republic of China (PRC) have made efforts to internationalize its currency through a two-track strategy: promotion of the use of the renminbi in...
Persistent link: https://www.econbiz.de/10010397270
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Responding to the global financial crisis: The evolution of Asian regionalism and economic globalization
Chin, Gregory - 2012
This paper examines the evolving dynamics between economic globalization and Asian regional interdependence, and asks whether and how the global financial crisis impacted Asian regionalism. The analysis suggests that the global crisis did trigger advances in regional policy cooperation from 2007...
Persistent link: https://www.econbiz.de/10010397271
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Lessons of the European crisis for regional monetary and financial integration in East Asia
Volz, Ulrich - 2012
The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a breakup of the euro area. Indeed, the crisis has highlighted the …
Persistent link: https://www.econbiz.de/10010397310
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Regional and global monetary cooperation
Lamberte, Mario; Morgan, Peter J. - 2012
The increasing occurrence of national, regional, and global financial crises, together with their rising costs and complexity, have increased calls for greater regional and global monetary cooperation. This is particularly necessary in light of volatile capital flow movements that can quickly...
Persistent link: https://www.econbiz.de/10010397311
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Managing capital flows in an economic community: The case of ASEAN capital account liberalization
Park, Yung Chul; Takagi, Shinji - 2012
The paper uses the emerging Association of Southeast Asian Nations (ASEAN) Economic Community as a motivation to explore the issue of capital flow management in an economic community. Although there is an increasingly shared view that capital flow management measures should be part of the...
Persistent link: https://www.econbiz.de/10010397322