The Parallel Currency Approach To Asian Monetary Integration

Essay specific features

 

Issue:

Social Issues

 

Written by:

Doug C

 

Date added:

May 15, 2014

 

Level:

University

 

Grade:

B

 

No of pages / words:

12 / 3258

 

Was viewed:

465 times

 

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Essay content:

The resulting exchange rate stability would promote intra-regional trade, simplify investment planning, and encourage crossborder participation in local bond markets. Experience with establishing and maintaining a system of stable exchange rates would help to ready the region for the introduction of a single currency...
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Asia, in this view, should emulate Europe?s approach to regional monetary integration. But, along with the attractions of the European example, there are also dangers. Defending a system of currency pegs in the presence of high capital mobility requires the close convergence of policies and the maintenance of confidence...
displayed 300 characters

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