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dominant economy in the region, and that it will become a more important destination for Asian products than Japan in as little …
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This paper focuses on the requirements and features of a successful monetary union on the basis of the optimum currency area theory, the “logical roadmap” for integration as proposed by Balassa as well as the economic and institutional framework of the European Economic and Monetary Union...
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The paper analyses the trade-off between exchange rate flexibility and monetary policy autonomy. It tests empirically the "Possible Duality" hypothesis, i.e. whether countries with more flexible currency regimes are indeed able to exert more monetary policy autonomy than those with less flexible...
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creating a stable monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and …This paper discusses Japan's strategy for Asian monetary integration. It argues that Japan faces three major policy … in East Asia, and the most realistic option is for the region's emerging economies to adopt similar managed floating …
Persistent link: https://www.econbiz.de/10010343515
creating a stable monetary zone in Asia, Japan needs to make significant efforts at the national and regional levels and …This paper discusses Japan's strategy for Asian monetary integration. It argues that Japan faces three major policy … in East Asia, and the most realistic option is for the region's emerging economies to adopt similar managed floating …
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