[go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/p/iie/pbrief/pb05-01.html
   My bibliography  Save this paper

A Currency Basket for East Asia, Not Just China

Author

Listed:
  • John Williamson

    (Peterson Institute for International Economics)

Abstract
For their own benefit and that of the rest of the world, East Asia should adopt a basket of currencies as the numeraire for their exchange rates instead of the dollar. It would be particularly advantageous to them if they were all to adopt the same basket. Such a basket would prevent variations in extraregional exchange rates from disrupting the East Asian economies by altering effective exchange rates and the relative competitiveness of the different countries of East Asia.

Suggested Citation

  • John Williamson, 2005. "A Currency Basket for East Asia, Not Just China," Policy Briefs PB05-01, Peterson Institute for International Economics.
    • Handle: RePEc:iie:pbrief:pb05-01
    as

    Download full text from publisher

    File URL: https://www.piie.com/publications/policy-briefs/currency-basket-east-asia-not-just-china
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Williamson, John, 1982. "A survey of the literature on the optimal peg," Journal of Development Economics, Elsevier, vol. 11(1), pages 39-61, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marion Kohler, 1998. "Optimal currency areas and customs unions: are they connected?," Bank of England working papers 89, Bank of England.
    2. Graham Bird & Ramkishen Rajan, 2002. "Optimal currency baskets and the third currency phenomenon: exchange rate policy in Southeast Asia," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(8), pages 1053-1073.
    3. Pierre Jacquemot, 1989. "Rôle du taux de change dans l'ajustement d'une économie à faible revenu. Une revue de la littérature récente," Revue Tiers Monde, Programme National Persée, vol. 30(118), pages 357-402.
    4. Gordon Weil, 1987. "The "Pegging Practices" of LDC's: A Look at Recent Behavior," Eastern Economic Journal, Eastern Economic Association, vol. 13(1), pages 49-53, Jan-Mar.
    5. María I. Campos & José L. Torres & Esmeralda Villegas, 2006. "The credibility of the Venezuela crawling-band system," Revista de Economía del Rosario, Universidad del Rosario, December.
    6. Hilbers, P.L.C., 1985. "Exchange rate policies for less developed countries," Serie Research Memoranda 0029, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    7. Mr. Etienne B Yehoue, 2007. "The CFA Arrangements: More than Just An Aid Substitute?," IMF Working Papers 2007/019, International Monetary Fund.
    8. Mohammad Ahmed, 1992. "Pakistan's Exchange Rate Policy: An Econometric Investigation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(1), pages 49-74.
    9. John Williamson, 2002. "The Evolution of Thought on Intermediate Exchange Rate Regimes," The ANNALS of the American Academy of Political and Social Science, , vol. 579(1), pages 73-86, January.
    10. Masahiro Kawai & Shinji Takagi, 2012. "A Proposal for Exchange Rate Policy Coordination in East Asia," Chapters, in: Masahiro Kawai & Peter J. Morgan & Shinji Takagi (ed.), Monetary and Currency Policy Management in Asia, chapter 9, Edward Elgar Publishing.
    11. Mr. Jonathan David Ostry & Ms. Anne Marie Gulde & Mr. Atish R. Ghosh & Holger C. Wolf, 1995. "Does the Nominal Exchange Rate Regime Matter?," IMF Working Papers 1995/121, International Monetary Fund.
    12. Axel Jochem, 1999. "Monetary stabilization in countries in transition," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 5(1), pages 37-47, February.
    13. Collins, Susan M., 1996. "On becoming more flexible: Exchange rate regimes in Latin America and the Caribbean," Journal of Development Economics, Elsevier, vol. 51(1), pages 117-138, October.
    14. Ahmed Derbali, 2021. "The misalignment of real effective exchange rate: Evidence from Tunisia," IHEID Working Papers 04-2021, Economics Section, The Graduate Institute of International Studies.
    15. Elmar B Koch, 1984. "The measurement of effective exchange rates," BIS Working Papers 10, Bank for International Settlements.
    16. Kawai, Masahiro & Takagi, Shinji, 2000. "Proposed strategy for a regional exchange rate arrangement in post-crisis East Asia," Policy Research Working Paper Series 2503, The World Bank.
    17. K. Rudgalvis, 1996. "Establishing a new currency and exchange rate determination: the case of Lithuania," CERT Discussion Papers 9604, Centre for Economic Reform and Transformation, Heriot Watt University.
    18. Masahiro Kawai & Peter J. Morgan & Shinji Takagi (ed.), 2012. "Monetary and Currency Policy Management in Asia," Books, Edward Elgar Publishing, number 14414.
    19. M. G. Holden & P. Holden*, 1985. "Alternative Measures of Exchange Rates and Exchange Rate Policy in South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 53(4), pages 226-234, December.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iie:pbrief:pb05-01. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peterson Institute webmaster (email available below). General contact details of provider: https://edirc.repec.org/data/iieeeus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.