05973oam 22013454 450 991096062820332120250426110432.09786612842269978146239009014623900999781452754116145275411X9781282842267128284226997814518715001451871503(CKB)3170000000055169(EBL)1608116(SSID)ssj0000940739(PQKBManifestationID)11495547(PQKBTitleCode)TC0000940739(PQKBWorkID)10955585(PQKB)11094571(OCoLC)666237590(MiAaPQ)EBC1608116(IMF)WPIEE2009003(IMF)WPIEA2009003WPIEA2009003(EXLCZ)99317000000005516920020129d2009 uf 0engur|n|---|||||txtccrYen Bloc or Yuan Bloc : An Analysis of Currency Arrangements in East Asia /Kazuko Shirono1st ed.Washington, D.C. :International Monetary Fund,2009.1 online resource (34 p.)IMF Working PapersDescription based upon print version of record.9781451915860 1451915861 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 AsiaComputable and Other Applied General Equilibrium ModelsimfCurrenciesimfEconometric analysisimfEconometric modelsimfEconometrics & economic statisticsimfEconometricsimfEconomic IntegrationimfEconomic integrationimfExports and ImportsimfFinancial Aspects of Economic IntegrationimfGeneral equilibrium modelsimfGovernment and the Monetary SystemimfInternational economicsimfInternational Trade OrganizationsimfInternational tradeimfMonetary economicsimfMonetary SystemsimfMonetary unionsimfMoney and Monetary PolicyimfMoneyimfPayment SystemsimfPlurilateral tradeimfRegimesimfRegional tradeimfStandardsimfTrade PolicyimfTrade: GeneralimfJapanimfMoneyMonetary policyComputable and Other Applied General Equilibrium ModelsCurrenciesEconometric analysisEconometric modelsEconometrics & economic statisticsEconometricsEconomic IntegrationEconomic integrationExports and ImportsFinancial Aspects of Economic IntegrationGeneral equilibrium modelsGovernment and the Monetary SystemInternational economicsInternational Trade OrganizationsInternational tradeMonetary economicsMonetary SystemsMonetary unionsMoney and Monetary PolicyMoneyPayment SystemsPlurilateral tradeRegimesRegional tradeStandardsTrade PolicyTrade: General330.4Shirono Kazuko1815992DcWaIMFBOOK9910960628203321Yen Bloc or Yuan Bloc4371629UNINA