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Record Nr. |
UNINA9910825602703321 |
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Autore |
Shirono Kazuko |
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Titolo |
Yen Bloc or Yuan Bloc : : An Analysis of Currency Arrangements in East Asia / / Kazuko Shirono |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2009 |
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ISBN |
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1-4623-9009-9 |
1-4527-5411-X |
1-282-84226-9 |
9786612842269 |
1-4518-7150-3 |
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Edizione |
[1st ed.] |
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Descrizione fisica |
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1 online resource (34 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Money - East Asia |
Monetary policy - East Asia |
Computable and Other Applied General Equilibrium Models |
Currencies |
Econometric analysis |
Econometric models |
Econometrics & economic statistics |
Econometrics |
Economic Integration |
Economic integration |
Exports and Imports |
Financial Aspects of Economic Integration |
General equilibrium models |
Government and the Monetary System |
International economics |
International Trade Organizations |
International trade |
Monetary economics |
Monetary Systems |
Monetary unions |
Money and Monetary Policy |
Money |
Payment Systems |
Plurilateral trade |
Regimes |
Regional trade |
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Standards |
Trade Policy |
Trade: General |
Japan |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references. |
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Nota di contenuto |
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Contents; I. Introduction; II. Economic Trend in East Asia: 1990-2003; Tables; 1. The Growth Rate of Per Capita Income, 1990-2003 Average; Figures; 11. Share of Regional Trade; 12. Trade Share of Japan and the U.S; 2. Japan's Trade Partners; III. Gravity Model; A. Theory; B. Empirical Specification; IV. The Effects of Common Currencies; A. Data; B. Estimation Results; 3. Gravity Model Estimation Results; 4. Robustness Check; V. Yen Zone and Dollar Zone Revisited; A. Japan's Regional Economic Cooperation; B. Bilateral and Multilateral Currency Unions; 13. Trade Effects of Common Currency |
14. Welfare Effects of Common CurrencyVI. Yen Bloc or Yuan Bloc; A. Common Currency Arrangements in East Asia; 15. Trade Effects of Currency Unions; 16. Welfare Effects of Currency Unions; B. Sub-Regional Currency Unions; 5. Bilateral Arrangements vs. Regional Arrangements; 6. Common Currency Arrangements in East Asia - Trade Effects; 7. Common Currency Arrangements in East Asia - Welfare Effects; 8. Common Currency Arrangements with Australia and New Zealand-Trade Effects; 9. Common Currency Arrangements with Australia and New Zealand-Welfare Effects; C. Impact on the United States |
10. Impact on the United StatesVII. Conclusion; References; Appendix Figures; A1. Imports from Germany to France; A2. Imports from Netherlands to Austria |
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Sommario/riassunto |
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This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade. |
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