McKinnon, Ronald; Schnabl, Gunther - 2003
, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely … peg to the dollar. Since 1980, economic integration among Japan's neighbours - China, Hong Kong, Indonesia, Korea … been highly synchronised. These cycles have been closely linked to fluctuations in the yen/dollar exchange rate - through …