Most proposals for Asian monetary cooperation assign a special role to the Japanese yen as an anchor currency. We focus instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the dominant economy in the region, and that it will...

Die Volkswirtschaften Ost- und Südostasiens wachsen wirtschaftlich immer stärker zusammen. Der intraregionale Handel und die wechselseitigen Direktinvestitionen haben in den vergangenen Jahren stetig an Bedeutung gewonnen. Nur die Integration der Finanzmärkte der Region ist bislang weniger...

In this paper we evaluate the feasibility of a common Asian Currency Unit (ACU) involving countries of East and South Asia. We analyze the various properties of an ACU and calculate it's value using weighted averages of the values of Asian currencies. Looking at the movement of individual Asian...