ENGLISH

Toward an East Asian Exchange Rate Regime

By Barry J. Eichengreen , Duck-Koo Chung

Book information

Year
2007
ISBN
081571419X, 9780815714194, 9780815714187
Open Library ID
OL16145747M
Language
english
Format
PDF
Filesize
873 kB (894458 bytes)
Pages
164\175
Time added
2011-06-04 13:46:07

Description

East Asian exchange rates have become a global flashpoint. U.S. policymakers blame artificially low Asian currency values for global imbalances, including America's ballooning current account deficit. The solution, they argue, lies in some combination of greater exchange rate flexibility and the appreciation of Asian currencies against the dollar. Asian officials recognize the need to let their exchange rates rise, but they fear that would hamper growth and cut sharply into the value of their dollar reserves.

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