The case for regional exchange rate arrangement in East Asia

Preprint OPEN
Takuji Kinkyo;
(2004)
  • Subject: Regional exchange rate arrangements; Exchange rate management; Asian crisis; Common basket peg system; EMS
    • jel: jel:F31 | jel:F42 | jel:F41 | jel:F33

The Asian crisis highlighted the difficulties for developing countries to actively manage exchange rates in an environment of high capital mobility. Now it became fashionable to argue that the exchange rate should be either allowed to float freely or irrevocably fixed. ... View more
  • References (10)

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