Exchange Rate Regimes of ASEAN Countries

1982 Foreign exchange

Author : Aleth Yenko
Release : 1982
Genre : Foreign exchange
Kind : eBook
Book Rating : 346/5 ( reviews)

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Book Synopsis Exchange Rate Regimes of ASEAN Countries by : Aleth Yenko

Download or read book Exchange Rate Regimes of ASEAN Countries written by Aleth Yenko. This book was released on 1982. Available in PDF, EPUB and Kindle. Book excerpt: A theoretical framework, based on existing literature, which could serve as a guide for developing countries in choosing an appropriate exchange rate regime in the present system of generalized floating. The exchange rate regimes of the ASEAN countries are then evaluated in terms of the framework.

Toward an East Asian Exchange Rate Regime

2007-05-01 Business & Economics

Author : Duck-Koo Chung
Release : 2007-05-01
Genre : Business & Economics
Kind : eBook
Book Rating : 181/5 ( reviews)

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Book Synopsis Toward an East Asian Exchange Rate Regime by : Duck-Koo Chung

Download or read book Toward an East Asian Exchange Rate Regime written by Duck-Koo Chung. This book was released on 2007-05-01. Available in PDF, EPUB and Kindle. Book excerpt: East Asian exchange rates have become a global flashpoint. U.S. policymakers blame artificially low Asian currency values for global imbalances, including America's ballooning current account deficit. The solution, they argue, lies in some combination of greater exchange rate flexibility and the appreciation of Asian currencies against the dollar. Asian officials recognize the need to let their exchange rates rise, but they fear that would hamper growth and cut sharply into the value of their dollar reserves. Toward an East Asian Exchange Rate Regime offers a timely and comprehensive analysis of the resulting debates, drawing on expertise from China, Japan, South Korea, and the United States. The introduction reviews the issues at stake, sketches a variety of proposed exchange rate regimes, and discusses comparisons between East Asia and the West. Subsequent chapters examine the connection between global financial imbalances and East Asian monetary cooperation, China's potential role in regional coordination, the relationship between monetary and trade integration, and different paths toward regional cooperation. Authoritative yet concise, this is an essential primer on East Asian monetary integration. Contributors include Gongpil Choi (Korean Institute of Finance, Federal Reserve Bank of San Francisco), Masahiro Kawai (University of Tokyo, Asian Development Bank), Kwanho Shin (Korea University), Yunjong Wang (SK Institute), Masaru Yoshitomi (RIETI,Tokyo), and Yongding Yu (Chinese Academy of Social Sciences).

ASEAN Exchange Rates

1981 ASEAN

Author : Pradumna B. Rana
Release : 1981
Genre : ASEAN
Kind : eBook
Book Rating : 362/5 ( reviews)

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Book Synopsis ASEAN Exchange Rates by : Pradumna B. Rana

Download or read book ASEAN Exchange Rates written by Pradumna B. Rana. This book was released on 1981. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the experience of the ASEAN countries in the post-Bretton Woods era - the period of generalized currency float. It outlines the major developments in the exchange rate policies of the ASEAN countries in the 1970s and analyses the movements of the effective exchange rates (both in terms of the trend and short-run variability) and their sources. The study shows that the increased exchange rate risk (variaibility) experienced by the ASEAN countries during the generalized floating period has had an anti-trade bias - reduced volume of imports. On the export side, simulations of world trade models for various commodities are carried out, and these indicate that multilateral changes in real exchange rates in the present international monetary system had adversely affected the major primary exports of the ASEAN countries. In the final chapter, the policy implications of the major findings are discussed.

Evolution of Exchange Rate Behavior in the ASEAN-5 Countries

2016-09-06 Business & Economics

Author : Mr.Vladimir Klyuev
Release : 2016-09-06
Genre : Business & Economics
Kind : eBook
Book Rating : 187/5 ( reviews)

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Book Synopsis Evolution of Exchange Rate Behavior in the ASEAN-5 Countries by : Mr.Vladimir Klyuev

Download or read book Evolution of Exchange Rate Behavior in the ASEAN-5 Countries written by Mr.Vladimir Klyuev. This book was released on 2016-09-06. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines exchange rate behavior in the ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand). It finds that for the last 10 years there is no evidence that their central banks target particular exchange rate levels against any currency or basket. Thus, contrary to some assertions, they do not belong to a U.S. dollar club, a Japanese yen club, a Chinese renminbi club, or an ASEAN club. At the same time, they clearly try to smooth short-term volatility, particularly vis-à-vis the U.S. dollar. The degree of smoothing declined noticeably after the Asian Financial Crisis and less obviously after the Global Financial Crisis, with heterogeneity across countries. Short-term smoothing without level targeting does not interfere with monetary policies aimed at price stability.

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Exchange Rate Regimes of ASEAN Countries

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