Is Asia an Optimum Currency Area?
Author: Barry Julian EICHENGREEN
Publisher:
Published: 1996
Total Pages: 44
ISBN-13:
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Author: Barry Julian EICHENGREEN
Publisher:
Published: 1996
Total Pages: 44
ISBN-13:
DOWNLOAD EBOOKAuthor: Barry Eichengreen (Economist, United States)
Publisher:
Published: 1996
Total Pages: 29
ISBN-13:
DOWNLOAD EBOOKAuthor: Chee Heong Quah
Publisher:
Published: 2012
Total Pages: 372
ISBN-13:
DOWNLOAD EBOOKAuthor: Kwangsuk Han
Publisher:
Published: 2009
Total Pages: 388
ISBN-13:
DOWNLOAD EBOOKAuthor: Kyŏng-t'ae Yi
Publisher: KIEP
Published: 2007
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKAuthor: Zhaoyong Zhang
Publisher:
Published: 2001
Total Pages: 33
ISBN-13:
DOWNLOAD EBOOKAuthor: Kui-Wai Li
Publisher: Academic Press
Published: 2017-06-07
Total Pages: 477
ISBN-13: 0128041978
DOWNLOAD EBOOKRedefining Capitalism in Global Economic Development reconsiders capitalism by taking into account the unfolding forces of economic globalization, especially in Asian economies. It explores the economic implications and consequences of recent financial crises, terrorism, ultra-low interest rates that are decades-long, debt-prone countries and countries with large trade surpluses. The book illuminates these economic implications and consequences through a framework of capitalist ideologies and concepts, recognizing that Asia is redefining capitalism today. The author, Li, seeks not to describe why nations fail, but how the sustainability of capitalism can save the world. Merges capitalist theory with global events, as few books do Emphasizes ways to interpret capitalist ideas in light of current global affairs Reframes capitalism via economics, supported by insights from political science, sociology, international relations and peace studies
Author: Denis Kan
Publisher:
Published: 2007
Total Pages:
ISBN-13:
DOWNLOAD EBOOKAuthor: Paul de Grauwe
Publisher: World Scientific
Published: 2014
Total Pages: 585
ISBN-13: 9814513199
DOWNLOAD EBOOKThe book covers problems relating to international macroeconomics and international finance. The first part develops new approaches to exchange rate modeling. The second part is a collection of papers on the theory and empirical analysis of monetary unions. The third part contains criticism of the mainstream macroeconomic models and proposes alternative modeling approaches.
Author: Kathryn Whittaker Huff
Publisher:
Published: 2011
Total Pages: 107
ISBN-13:
DOWNLOAD EBOOKMany regions of the world would like to replicate the financial and monetary integration of the European Monetary Union (EMU). Member countries of the Association of Southeast Asian Nations (ASEAN) have shown an interest in such an arrangement. ASEAN is a political, cultural, and economic association that includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. Many of these nations are experiencing rapid economic development while others are still relatively poor and under developed. As such, they appear to be an unlikely group for currency unification. Older studies suggest that multiple currency union groupings may be possible in the short run that could be unified into a whole at an unspecified time in the future. The issue has been studied for some time and appeared defunct with the onset of the Asian Financial Crisis. More than a decade has passed and another more global financial crisis has ensued leaving many Asian countries in better shape than their highly developed trading partners in the west. This leads to the need for further examination of the possible unification of some or all ASEAN members into a Regional Currency Arrangement. This dissertation evaluates the readiness of the ASEAN nations for monetary union using data from the post Asian Financial Crisis period. Results of a formal G-PPP test show the area is an optimum currency area. Analysis of other criteria shows incredible diversity across the countries in the region that would make unification a challenge. Coordination of monetary policy would be most difficult given the variety of inflation rates and differences in depth of financial system development as explored in chapter 2. Trade has increased in the region leading to better linkages among economies but the data shows that reaching full integration of all countries by the 2020 deadline without disruptions in some economies may still be difficult.