Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/53717 
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dc.contributor.authorPark, Yung Chulen
dc.contributor.authorSong, Chi-Youngen
dc.date.accessioned2011-10-25-
dc.date.accessioned2011-12-15T12:27:32Z-
dc.date.available2011-12-15T12:27:32Z-
dc.date.issued2011-
dc.identifier.urihttp://hdl.handle.net/10419/53717-
dc.description.abstractThe purpose of this paper is to reexamine the exchange rate policy of the Republic of Korea, and its role in promoting financial and monetary cooperation in East Asia in the wake of the 2008 global financial crisis. The Republic of Korea would not actively participate in any discussion of establishing a regional monetary and exchange rate arrangement as it is expected to maintain a weakly managed floating regime. The People's Republic of China (PRC) has been fostering the yuan as an international currency, which will lay the groundwork for forming a yuan area among the PRC; the Association of Southeast Asian Nations (ASEAN); Hong Kong, China; the PRC; and Taipei, China. Japan has shown less interest in assuming a greater role in East Asia's economic integration due to deflation, a strong yen, slow growth, and political instability. Japan would not eschew free floating. These recent developments demand a new modality of monetary cooperation among the Republic of Korea, Japan, and the PRC. Otherwise, ASEAN+3 will lose its rationale for steering regional economic integration in East Asia.en
dc.language.isoengen
dc.publisher|aAsian Development Bank Institute (ADBI) |cTokyoen
dc.relation.ispartofseries|aADBI Working Paper |x314en
dc.subject.jelF3en
dc.subject.jelF4en
dc.subject.ddc330en
dc.subject.stwFinanzmarktkriseen
dc.subject.stwFlexibler Wechselkursen
dc.subject.stwSüdkoreaen
dc.subject.stwHandelsregionalismusen
dc.subject.stwInternationale wirtschaftspolitische Koordinationen
dc.subject.stwWechselkurspolitiken
dc.subject.stwOstasienen
dc.titleProspects for monetary cooperation in East Asia-
dc.typeWorking Paperen
dc.identifier.ppn670485675en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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