Abstract
Given the nature of East Asia’s economic structure, interregional exchange rate stability is an essential requirement for
regional economic integration. Chiang Mei Initiative has further emphasized the need for East Asia to have more exchange rate coordination in the region. As the possibility of a single currency for East Asia is perhaps not feasible due to lack of
academic support for the region to quality as an Optimum Currency Area (OCA), the other two options are (a) an anchor
currency or (b) a currency basket. The emergence of China as a major player in the region requires this issue to be
revisited. This paper investigates which option is more suitable (or preferable) for emerging East Asian countries.
regional economic integration. Chiang Mei Initiative has further emphasized the need for East Asia to have more exchange rate coordination in the region. As the possibility of a single currency for East Asia is perhaps not feasible due to lack of
academic support for the region to quality as an Optimum Currency Area (OCA), the other two options are (a) an anchor
currency or (b) a currency basket. The emergence of China as a major player in the region requires this issue to be
revisited. This paper investigates which option is more suitable (or preferable) for emerging East Asian countries.
| Original language | English |
|---|---|
| Number of pages | 1 |
| Publication status | Published - 2012 |
| Event | 73rd International Atlantic Economic Conference - Isanbul, Turkey Duration: 23 Mar 2012 → 31 Mar 2012 Conference number: 73 |
Conference
| Conference | 73rd International Atlantic Economic Conference |
|---|---|
| Country/Territory | Turkey |
| City | Isanbul |
| Period | 23/03/12 → 31/03/12 |