Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/19294 
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dc.contributor.authorSchnabl, Guntheren
dc.date.accessioned2009-01-28T15:57:06Z-
dc.date.available2009-01-28T15:57:06Z-
dc.date.issued2005-
dc.identifier.urihttp://hdl.handle.net/10419/19294-
dc.description.abstractAlthough most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of shortterm and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ‚competitive depreciations' and ‚competitive appreciations‘ among the CIS and East Asian currencies it is argued that the adherence to a common external anchor currency enhances macroeconomic stability. Finally, the potential of euro and ruble (CIS) as well as yen and yuan (East Asia) to challenge the dollar as anchor currencies in the respective regions is explored.en
dc.language.isoengen
dc.publisher|aHamburg Institute of International Economics (HWWA) |cHamburgen
dc.relation.ispartofseries|aHWWA Discussion Paper |x326en
dc.subject.jelF32en
dc.subject.jelF31en
dc.subject.ddc330en
dc.subject.keywordCISen
dc.subject.keywordEast Asiaen
dc.subject.keywordInformal Dollar Standarden
dc.subject.keywordLiability Dollarizationen
dc.subject.keywordAsset Dollarizationen
dc.subject.keywordCompetitive Depreciationen
dc.subject.keywordCompetitive Appreciationen
dc.subject.stwWechselkurspolitiken
dc.subject.stwReservewährungen
dc.subject.stwWährungssubstitutionen
dc.subject.stwWechselkurssystemen
dc.subject.stwGUS-Staatenen
dc.subject.stwOstasienen
dc.titleInternational Capital Markets and Informal Dollar Standards in the CIS and East Asia-
dc.typeWorking Paperen
dc.identifier.ppn497861836en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:hwwadp:26192en

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