increasingly desirable and necessary. This paper suggests that East Asia’s emerging economies begin with a currency basket system … Asia ; yen and yuan ; new Bretton Woods system ; G-3 or G3-plus currency basket regime ; Asian currency unit (ACU) …

The 1944 "Bretton Woods Agreement" gave birth to the new international financial system marked by the centrality of the … international financial system, the BRICS in particular should continue to take the lead in furthering the de-dollarization efforts. …