Financial and Monetary Policy Studies

Currency Cooperation in East Asia

Editors: Rövekamp, Frank, Hilpert, Hanns Günther (Eds.)

  • Comprehensive and updated analysis of the East Asian currency area
  • Explores the effects of currency cooperation on financial stability in the South-Asian region
  • Analyzes economic and political impacts of currency cooperation in East Asia
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  • ISBN 978-3-319-03062-3
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Hardcover $129.00
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  • ISBN 978-3-319-03061-6
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Softcover $129.00
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  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 20, 2016
  • ISBN 978-3-319-35241-1
  • Free shipping for individuals worldwide
About this book

This book explores the opportunities and limits of currency cooperation in East Asia. Currency issues play an important role in the region. The Asian crisis of the late 90s was rooted in deficient currency arrangements. The Chinese RMB is not freely convertible yet, but policymakers in China nevertheless aim for a more international role of the Chinese currency. The recent change of direction in Japanese monetary policy caused a drastic depreciation of the Yen and led to warnings against a possible “currency war”, thus demonstrating that currency issues can also easily lead to political frictions. Most trade in and with the East Asian zone on the other hand is still conducted in US $. Against this background different modes of currency cooperation serve the goal of smoothing exchange rate fluctuations and capital flows. They are an important element to promote financial stability and to reduce the transaction cost for foreign trade or investment. The contributions of this book analyze the environment and design of currency cooperation in East Asia and their effects from a macro-and microeconomic viewpoint.

About the authors

Prof. Dr. Frank Rövekamp is professor for Asian Studies with a focus on Japan and director of the East Asia Institute of the Ludwigshafen University of Applied Sciences. Formerly he worked for over 15 years in the industry and held senior management positions in Germany, Japan and Hong Kong. He obtained his PhD in Business Studies from the University of Cologne. His current research interests include international monetary, currency and trade policy.

Dr. Hanns Günther Hilpert is Senior Associate in the Research Unit Asia at the German Institute for International and Security Affairs (“Stiftung Wissenschaft und Politik”, SWP), Berlin. Formerly he worked for the German Institute for Japanese Studies (DIJ), Tokyo and the Ifo Institute for Economic Research, Munich. He has written and published many books and articles on the Japanese economy and on Asian trade and economic integration. His current research focuses at various policy oriented economic issues of East Asia.

Table of contents (10 chapters)

  • Currency Area East Asia: Cooperation or Confrontation?

    Rövekamp, Frank (et al.)

    Pages 1-19

  • China’s Financial System: Past Reforms, Future Ambitions and Current State

    Hess, Patrick

    Pages 21-41

  • Japan’s New Monetary Policy: Some Critical Questions

    Waldenberger, Franz

    Pages 43-55

  • RMB Internationalisation and Currency Cooperation in East Asia

    Volz, Ulrich

    Pages 57-81

  • Regional Exchange Rate Management in East Asia: Possibilities and Limits

    Shimizu, Kenichi

    Pages 83-95

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-319-03062-3
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-3-319-03061-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • Customers within the U.S. and Canada please contact Customer Service at 1-800-777-4643, Latin America please contact us at +1-212-460-1500 (Weekdays 8:30am – 5:30pm ET) to place your order.
  • Due: October 20, 2016
  • ISBN 978-3-319-35241-1
  • Free shipping for individuals worldwide
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Bibliographic Information

Bibliographic Information
Book Title
Currency Cooperation in East Asia
Editors
  • Frank Rövekamp
  • Hanns Günther Hilpert
Series Title
Financial and Monetary Policy Studies
Series Volume
38
Copyright
2014
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-03062-3
DOI
10.1007/978-3-319-03062-3
Hardcover ISBN
978-3-319-03061-6
Softcover ISBN
978-3-319-35241-1
Series ISSN
0921-8580
Edition Number
1
Number of Pages
VIII, 166
Number of Illustrations and Tables
46 b/w illustrations
Topics