05732oam 22012374 450 991078835040332120230721045621.01-4623-9009-91-4527-5411-X1-282-84226-997866128422691-4518-7150-3(CKB)3170000000055169(EBL)1608116(SSID)ssj0000940739(PQKBManifestationID)11495547(PQKBTitleCode)TC0000940739(PQKBWorkID)10955585(PQKB)11094571(OCoLC)666237590(MiAaPQ)EBC1608116(IMF)WPIEE2009003(EXLCZ)99317000000005516920020129d2009 uf 0engur|n|---|||||txtccrYen Bloc or Yuan Bloc : An Analysis of Currency Arrangements in East Asia /Kazuko ShironoWashington, D.C. :International Monetary Fund,2009.1 online resource (34 p.)IMF Working PapersDescription based upon print version of record.1-4519-1586-1 Includes bibliographical references.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 Currency14. 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 States10. Impact on the United StatesVII. Conclusion; References; Appendix Figures; A1. Imports from Germany to France; A2. Imports from Netherlands to AustriaThis 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.IMF Working Papers; Working Paper ;No. 2009/003MoneyEast AsiaMonetary policyEast AsiaEconometricsimfExports and ImportsimfMoney and Monetary PolicyimfTrade: GeneralimfEconomic IntegrationimfFinancial Aspects of Economic IntegrationimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfTrade PolicyimfInternational Trade OrganizationsimfComputable and Other Applied General Equilibrium ModelsimfInternational economicsimfMonetary economicsimfEconometrics & economic statisticsimfMonetary unionsimfCurrenciesimfPlurilateral tradeimfRegional tradeimfGeneral equilibrium modelsimfEconomic integrationimfMoneyimfInternational tradeimfEconometric analysisimfEconometric modelsimfJapanimfMoneyMonetary policyEconometricsExports and ImportsMoney and Monetary PolicyTrade: GeneralEconomic IntegrationFinancial Aspects of Economic IntegrationMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsTrade PolicyInternational Trade OrganizationsComputable and Other Applied General Equilibrium ModelsInternational economicsMonetary economicsEconometrics & economic statisticsMonetary unionsCurrenciesPlurilateral tradeRegional tradeGeneral equilibrium modelsEconomic integrationMoneyInternational tradeEconometric analysisEconometric modelsShirono Kazuko1491232DcWaIMFBOOK9910788350403321Yen Bloc or Yuan Bloc3712983UNINA