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The East Asian Exchange Rate Dilemma and the World Dollar Standard


  • Ronald I. McKinnon

    (Stanford University)


East Asia's Monetary Future is an illuminating and valuable work which uniquely focuses on a long-term monetary view of the region. There are multiple and varied future scenarios which can be applied to this region – an enlarged Singapore–Brunei currency area, a greater China monetary bloc and even a Northeast Asian bloc comprising Japan and Korea.
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  • Ronald I. McKinnon, 2002. "The East Asian Exchange Rate Dilemma and the World Dollar Standard," Money Affairs, Centro de Estudios Monetarios Latinoamericanos, vol. 0(2), pages 119-149, July-Dece.
  • Handle: RePEc:cml:moneya:v:xv:y:2002:i:2:p:

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    References listed on IDEAS

    1. Calvo, Guillermo & Vegh, Carlos, 1992. "Currency Substitution in Developing Countries: An Introduction," MPRA Paper 20338, University Library of Munich, Germany.
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    Cited by:

    1. Ethan Ilzetzki & Carmen M. Reinhart & Kenneth S. Rogoff, 2017. "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," NBER Working Papers 23134, National Bureau of Economic Research, Inc.
    2. Jonathan Scott Davis, 2017. "External debt and monetary policy autonomy," ENSAYOS SOBRE POLÍTICA ECONÓMICA, BANCO DE LA REPÚBLICA - ESPE, vol. 35(82), pages 53-63, April.
    3. Billen, Dieter & Garcia, Maria Melody & Khasanova, Nelli, 2005. "Is the effect of exchange rate volatility on trade more pronounced in Latin America than in Asia?," Kiel Advanced Studies Working Papers 434, Kiel Institute for the World Economy (IfW).
    4. Vipin Arora & Rod Tyers & Ying Zhang, 2014. "Reconstructing the Savings Glut: The Global Implications of Asian Excess Saving," CAMA Working Papers 2014-20, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    5. Peter B. Kenen & Ellen E. Meade, 2006. "Monetary integration in East Asia," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.

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