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Chapter 7 Stability of East Asian Currencies during the Global Financial Crisis

The Evolving Role of Asia in Global Finance

ISBN: 978-0-85724-745-2, eISBN: 978-0-85724-746-9

ISSN: 1574-8715

Publication date: 8 March 2011

Abstract

Because NEER trade weights are widely similar among East Asian currencies, a policy aimed at stabilizing a home currency against its NEER may lead to a coordinated exchange rate policy without a common consensus among East Asian countries. In the future, however, coordinated monetary policies should be considered along with coordinated exchange rate policies.

Keywords

Citation

Shimizu, J. and Ogawa, E. (2011), "Chapter 7 Stability of East Asian Currencies during the Global Financial Crisis", Cheung, Y.-W., Kakkar, V. and Ma, G. (Ed.) The Evolving Role of Asia in Global Finance (Frontiers of Economics and Globalization, Vol. 9), Emerald Group Publishing Limited, Bingley, pp. 157-180. https://doi.org/10.1108/S1574-8715(2011)0000009012

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited