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001 978-3-319-03062-3
003 DE-He213
005 20200420211751.0
007 cr nn 008mamaa
008 140301s2014 gw | s |||| 0|eng d
020 _a9783319030623
_9978-3-319-03062-3
024 7 _a10.1007/978-3-319-03062-3
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
245 1 0 _aCurrency Cooperation in East Asia
_h[electronic resource] /
_cedited by Frank R�ovekamp, Hanns G�unther Hilpert.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2014.
300 _aVIII, 166 p. 46 illus.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aFinancial and Monetary Policy Studies,
_x0921-8580 ;
_v38
505 0 _aFrank R�ovekamp, Hanns G�unther Hilpert: Currency Area East Asia - Cooperation or Confrontation? - Patrick Hess: China's Financial System: Past Reforms, Future Ambitions and Current State -- Franz Waldenberger: Japan's New Monetary Policy - Some Critical Questions -- Ulrich Volz: RMB Internationalisation and Currency Cooperation in East Asia -- Kenichi Shimizu: Regional Exchange Rate Management in East Asia - Possibilities and Limits -- Werner Pascha: The Chiang Mai Process as a Case Study of Financial Cooperation in Pacific Asia - Institutional Issues and Experiences -- Andreas Steiner: Reserve Policies of East Asian Central Banks - Causes, Consequences and Prospects -- Jerome Shin: Korea-China Currency Swap-Financed Trade Settlement Facility -- Hans Bleuel: Asian Currency Cooperation and the Potential Microeconomic Effects of Reduced Exchange Rate Fluctuations -- Franziska Schobert, Lijun Yu: The Role of Reserve Requirements - The Case of Contemporary China Compared to Postwar Germany.
520 _aThis book explores the opportunities and limits of currency cooperation in East Asia. Currency issues play an important role in the region. The Asian crisis of the late 90s was rooted in deficient currency arrangements. The Chinese RMB is not freely convertible yet, but policymakers in China nevertheless aim for a more international role of the Chinese currency. The recent change of direction in Japanese monetary policy caused a drastic depreciation of the Yen and led to warnings against a possible "currency war", thus demonstrating that currency issues can also easily lead to political frictions. Most trade in and with the East Asian zone on the other hand is still conducted in US $. Against this background different modes of currency cooperation serve the goal of smoothing exchange rate fluctuations and capital flows. They are an important element to promote financial stability and to reduce the transaction cost for foreign trade or investment. The contributions of this book analyze the environment and design of currency cooperation in East Asia and their effects from a macro-and microeconomic viewpoint.
650 0 _aMacroeconomics.
650 0 _aEconomic policy.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aEconomic Policy.
700 1 _aR�ovekamp, Frank.
_eeditor.
700 1 _aHilpert, Hanns G�unther.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783319030616
830 0 _aFinancial and Monetary Policy Studies,
_x0921-8580 ;
_v38
856 4 0 _uhttp://dx.doi.org/10.1007/978-3-319-03062-3
912 _aZDB-2-SBE
942 _cEBK
999 _c51272
_d51272