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The East Asian monetary integration process is at the crossroads. Given very benign liquidity conditions in the US, the prevailing common US dollar peg has contributed to growing macroeconomic and financial instability in the region. This has sparked demands to embark on an independent monetary...
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issuing that international currency, with a main empirical focus on the Japanese case with regard to the Chinese renminbi …
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. Additionally, the series provides the first comprehensive study of Renminbi internationalization by experts in China and analyzes … the currency reform that China will undertake in the current global economy. Volume 3 Cooperation between the Renminbi and … of the Renminbi, as well as the possible cooperation between the Renminbi, the Yen, and other Asian currencies …
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, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with … Ongoing Evolution of Payment Instruments in China: A Case Study in Financial Innovation and on the Role of the Central Bank …
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