Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/101178
Authors: 
Pomfret, Richard
Pontines, Victor
Year of Publication: 
2013
Series/Report no.: 
ADBI Working Paper Series 436
Abstract: 
The results highlight the conflicting interests of countries - to stabilize exchange rates or to keep the option of exchange rate depreciation in order to maintain competitiveness of domestic tradable producers. With deepening integration in East Asia, however, the desire for exchange rate stability will eventually outweigh the desire to maintain a protectionist tool. How extensive the pressures will be in East Asia will depend not only on how many countries seriously desire to be in the more integrated economic area in which Factory Asia operates, but also on their institutional and political readiness to commit in such schemes at the cost of renouncing an important policy instrument.
Subjects: 
regional trade agreement
exchange rate depreciation
exchange rate stability
asean+3
JEL: 
F13
F14
F15
F42
Document Type: 
Working Paper

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