There is a deepening debate in East Asia about the prospects for
common exchange rate arrangements, even including the formation of
a common currency in the longer term. This raises a complex set of
issues and this volume provides a detailed yet comprehensive
examination of key issues in the debate. It looks, for example, at
the nature and extent of linkages in East Asia, in terms of trade
and foreign investment, finance, labour, and consumption,
investment and output. It examines how the exchange rate affects
various aspects of economies. And it critically analyzes various
proposals for currency regimes for the region, including floating
exchange rates, basket pegs, and currency union.
General
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