In this paper we have constructed a theoretical model in which Asian firms maximize their profit, competing with Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-...-vis the Japanese yen and...

This paper considers a theoretical model to examine an optimal exchange rate regime for (Asian) emerging market economies that export goods to the U.S., Japan, and neighboring countries. The optimality of the exchange rate regime is defined as minimizing the fluctuation of trade balances, in the...

I. Introduction and overview. 1. Drysdale, Peter ; Ishigaki, Kenichi: New issues in East Asian economic integration. II. Regionalism and regional integration. 2. Findlay, Christopher: Old issues in new regionalism. 3. Hosono, Akio ; Nishijima, Shoji: Regional integration in Asia and Latin...

During the past 4 years, faith in the present financial model has been shaken in terms of policy, regulation, the financial sector itself, and exchange-rate regimes. Past and present policies of the world’s most respected central banks have come under fire. Regulations that defined the system...