Dollar, yen, or renminbi bloc?

Toward An East Asian Exchange Rate Regime

Volumn , Issue , 2007, Pages 90-120

  Kawai, Masahiro ^a  

^a UNIVERSITY OF TOKYO   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 51249105019     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (30)

1. Bird, Graham, and Ramkishen S. Rajan. 2002. "The Evolving Asian Financial Architecture." Essays in International Economics 226. International Finance Section, Department of Economics, Princeton University (February).
2. Calvo, Guillermo, and Carmen Reinhart. 2002. "Fear of Floating." Quarterly Journal of Economics 117: 370-408.
3. Dooley, Michael, David Folkerts-Landau, and Peter Garber. 2005. International Financial Stability: Asian Interest Rates and the Dollar. New York: Deutsche Bank.
4. Eichengreen, Barry. 2006. "China's Exchange Rate Regime: The Long and Short of It." University of California-Berkeley (March).
5. Eichengreen, Barry, and Tamim Bayoumi. 1999. "Is Asia an Optimum Currency Area? Can It Become One? Regional, Global and Historical Perspectives on Asian Monetary Relations." In Exchange Rate Policies in Emerging Asian Countries, edited by Stefan Collignon, Jean Pisani-Ferry, and Yung Chul Park, pp. 347-66. London: Routledge.
6. Frankel, Jeffrey A. 2005. "On the Renminbi: The Choice between Adjustment under a Fixed Exchange Rate and Adjustment under a Flexible Rate." Working Paper 11274. Cambridge, Mass.: National Bureau of Economic Research (April).
7. Frankel, Jeffrey A., and Andrew K. Rose. 1998. "The Endogeneity of the Optimum Currency Area Criterion." Economic Journal 108: 1009-25.
8. Frankel, Jeffrey A., and Shang-jin Wei. 1993. "Trade Blocs and Currency Blocs." Working Paper 1335. Cambridge, Mass.: National Bureau of Economic Research (April).
9. Friedman, Milton. 1953. "The Case for Flexible Exchange Rates." In Essays in Positive Economics, pp. 157-203. University of Chicago Press.
10. Girardin, Eric. 2004. "Information Exchange, Surveillance Systems and Regional Institutions in East Asia." In Monetary and Financial Integration in East Asia: The Way Ahead, edited by the Asian Development Bank, vol. 1, pp. 53-95. Houndmills and London: Palgrave-Macmillan.
11. Goto, Junichi, and Koichi Hamada. 1994. "Economic Preconditions for Asian Regional Integration." In Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, edited by Takatoshi Ito and Anne Krueger, pp. 359-85. University of Chicago Press.
12. Hernandez, Leonardo, and Peter J. Montiel. 2003. "Post-Crisis Exchange Rate Policy in Five Asian Countries: Filling in the 'Hollow Middle'?" Journal of the Japanese and International Economies 17: 336-69.
13. Kawai, Masahiro. 1987. "Optimum Currency Areas." In The New Palgrave: A Dictionary of Economics, edited by John Eatwell, Murray Milgate, and Peter Newman, vol. 3, pp. 740-43. London: Macmillan Press, Ltd.
14. Kawai, Masahiro. 2002. "Exchange Rate Arrangements in East Asia: Lessons from the 1997-98 Currency Crisis." Bank of Japan Monetary and Economic Studies 20 (special issue): 167-04.
15. Kawai, Masahiro. 2005a. "East Asian Economic Regionalism: Progress and Challenges." Journal of Asian Economics 16: 29-55.
16. Kawai, Masahiro. 2005b. "Trade and Investment Integration and Cooperation in East Asia: Empirical Evidence and Issues." In Asian Economic Cooperation and Integration: Progress, Prospects and Challenges, edited by the Asian Development Bank, pp. 161-93.Manila: Asian Development Bank.
17. Kawai, Masahiro, and Taizo Motonishi. 2005a. "Macroeconomic Interdependence in East Asia: Empirical Evidence and Issues." In Asian Economic Cooperation and Integration: Progress, Prospects and Challenges, edited by the Asian Development Bank, pp. 213-68. Manila: Asian Development Bank.
18. Kawai, Masahiro. 2005b. "Is East Asia an Optimum Currency Area?" Revised version of a paper presented to the High-Level Conference on Asia's Economic Cooperation and Integration organized by the Asian Development Bank, Manila, July 1-2.
19. Krugman, Paul R., and Maurice Obstfeld. 2003. International Economics: Theory and Policy. 6th ed. New York: Addison-Wesley.
20. Kuroda, Haruhiko. 2004. "Transition Steps in the Road to a Single Currency in East Asia." Paper delivered to the Asian Development Bank Seminar, "A Single Currency for East Asia-Lessons from Europe, " Jeju Island, South Korea, May 14.
21. Kuroda, Haruhiko, and Masahiro Kawai. 2002. "Strengthening Regional Financial Cooperation in East Asia." Pacific Economic Papers 51, Australian National University.
22. Kwan, C. H. 2001. Yen Bloc: Toward Economic Integration in Asia. Brookings.
23. McKinnon, Ronald I. 1963. "Optimum Currency Areas." American Economic Review 53: 717-25.
24. McKinnon, Ronald I. 2005. Exchange Rates under the East Asian Dollar Standard. MIT Press.
25. Montiel, Peter J. 2004. "An Overview of Monetary and Financial Integration in East Asia." In Monetary and Financial Integration in East Asia: The Way Ahead, edited by the Asian Development Bank, vol. 2, pp. 1-2. Houndmills and New York: Palgrave-Macmillan.
26. Mundell, Robert A. 1961. "A Theory of Optimum Currency Areas." American Economic Review 51: 657-65.
27. Rajan, Ramkishen, and Reza Siregar. 2004. "Centralized Reserve Pooling for the ASEAN+3 Countries." In Monetary and Financial Integration in East Asia: The Way Ahead, edited by Asian Development Bank, vol. 2, pp. 285-329. Houndmills and New York: Palgrave- Macmillan.
28. Reinhart, Carmen, and Vincent Reinhart. 2003. "What Hurts Most? G-3 Exchange Rate or Interest Rate Volatility?" In Economic and Financial Crises in Emerging Market Economies, edited by Martin Feldstein, pp. 133-66. University of Chicago Press.
29. Tavlas, George S. 1993. "The 'New' Theory of Optimum Currency Areas." World Economy 16: 663-85.
30. Wilson, Dominic, and Roopa Purushothaman. 2003. "Dreaming with BRICs: The Path to 2050." Global Economics Paper No. 99. New York: Goldman Sachs (October).