This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries...
Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia
Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia
Topics:
Economy