IDEAS home Printed from https://ideas.repec.org/a/eee/ecmode/v35y2013icp170-174.html

Common currency for Asia “now or never”

Author

Listed:
  • Hayat, Khuhawar Khizer
  • Jianqiu, Zeng

Abstract

This paper examines the best common currency criteria for Asian countries through the regional cooperation in trade and investment, political and economic integration and investigates the benefits of a common currency by which the money inflows from developed countries to reduce the exchange rate fluctuation. Further this could help to increase the trade within region. The paper also elaborates the role of a common currency in Asia for achieving an increased GDP growth for all countries within the region, which is necessary to reduce the poverty in the region. Finally the paper critically analyzes the strategies, time frame and decision making policies to functionalize the common currency in Asia. It is observed from proposed policies that the common currency would bring the increase in trade, political stability and poverty reduction in the member countries within the region.

Suggested Citation

  • Hayat, Khuhawar Khizer & Jianqiu, Zeng, 2013. "Common currency for Asia “now or never”," Economic Modelling, Elsevier, vol. 35(C), pages 170-174.
    • Handle: RePEc:eee:ecmode:v:35:y:2013:i:c:p:170-174
    DOI: 10.1016/j.econmod.2013.06.045
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264999313002630
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econmod.2013.06.045?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    References listed on IDEAS

    as
    1. Innwon Park, 2006. "East Asian Regional Trade Agreements: Do They Promote Global Free Trade?," Pacific Economic Review, Wiley Blackwell, vol. 11(4), pages 547-568, December.
    2. Winters, L Alan, 2000. "Trade, Trade Policy and Poverty: What Are The Links?," CEPR Discussion Papers 2382, C.E.P.R. Discussion Papers.
    3. Razeen SALLY, 2006. "Free Trade Agreements and the Prospects for Regional Integration in East Asia," Asian Economic Policy Review, Japan Center for Economic Research, vol. 1(2), pages 306-321, December.
    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. Mitsuyo ANDO, 2009. "Impacts of FTAs in East Asia: CGE Simulation Analysis," Discussion papers 09037, Research Institute of Economy, Trade and Industry (RIETI).
    2. Sarbajit Chaudhuri, 2004. "International Migration of Skilled and Unskilled Labour, Welfare and Skilled-unskilled Wage Inequality: a Simple Model," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 19, pages 726-741.
    3. Gumilang, Howard & Mukhopadhyay, Kakali & Thomassin, Paul J., 2011. "Economic and environmental impacts of trade liberalization: The case of Indonesia," Economic Modelling, Elsevier, vol. 28(3), pages 1030-1041, May.
    4. Kym Anderson, 2003. "Trade Liberalization, Agriculture, and Poverty in Low-income Countries," WIDER Working Paper Series DP2003-25, World Institute for Development Economic Research (UNU-WIDER).
    5. Charles Augustine Abuka & Michael Atingi-Ego & Jacob Opolot & Marian Mraz, 2007. "The impact of OECD Agricultural trade liberalization on poverty in Uganda," The Institute for International Integration Studies Discussion Paper Series iiisdp208, IIIS.
    6. Okodua, Henry, 2014. "Household Welfare Impact of Trade Liberalization in Nigeria: A Computable General Equilibrium Model," Conference papers 332440, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    7. Shujiro Urata, 2014. "Constructing and multilateralizing the Regional Comprehensive Economic Partnership: an Asian perspective," Chapters, in: Richard Baldwin & Masahiro Kawai & Ganeshan Wignaraja (ed.), A World Trade Organization for the 21st Century, chapter 9, pages 239-268, Edward Elgar Publishing.
    8. Tilat Anwar, 2002. "Impact of Globalization and Liberalization on Growth, Employment and Poverty: A Case Study of Pakistan," WIDER Working Paper Series DP2002-17, World Institute for Development Economic Research (UNU-WIDER).
    9. Hiro Lee & Dominique van der Mensbrugghe, 2007. "Regional Integration, Sectoral Adjustments and Natural Groupings in East Asia," OSIPP Discussion Paper 07E008, Osaka School of International Public Policy, Osaka University.
    10. Chitiga, Margaret & Kandiero, Tonia & Mabugu, Ramos, 2005. "A Computable General Equilibrium Micro-Simulation Analysis of the Impact of Trade Policies on Poverty in Zimbabwe," Conference papers 331388, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    11. Jeong-Soo OH & Phouphet Kyophilavong, 2015. "Trade Liberalization and Poverty in Developing Countries: Literature Survey," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 3(2), pages 86-94, Fabruary.
    12. Samuel K. Gayi, 2006. "Does the WTO Agreement on Agriculture Endanger Food Security in Sub-Saharan Africa?," WIDER Working Paper Series RP2006-60, World Institute for Development Economic Research (UNU-WIDER).
    13. Giorgio Barba Navaretti & Riccardo Faini & Bernard Gauthier, 2006. "The Impact of Trade Liberalization on Enterprises in Small Backward Economies: the Case of Chad and Gabon," Review of Development Economics, Wiley Blackwell, vol. 10(3), pages 452-465, August.
    14. Giordano, Paolo & Li, Kun, 2012. "An Updated Assessment of the Trade and Poverty Nexus in Latin America," IDB Publications (Working Papers) 4209, Inter-American Development Bank.
    15. Estrades, Carmen & Terra, María Inés, 2009. "International Commodity Prices, Trade and Poverty in Uruguay," Conference papers 331876, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. Sangkyom Kim & Innwon Park & Soonchan Park, 2013. "A Free Trade Area of Asia Pacific (FTAAP): Is It Desirable?," East Asian Economic Review, Korea Institute for International Economic Policy, vol. 17(1), pages 3-25.
    17. Margaret Chitiga & Ramos Mabugu & Tonia Kandiero, 2007. "The impact of tariff removal on poverty in Zimbabwe: A computable general equilibrium microsimulation," Journal of Development Studies, Taylor & Francis Journals, vol. 43(6), pages 1105-1125.
    18. Ken Itakura & Hiro Lee, 2012. "Welfare Changes And Sectoral Adjustments Of Asia-Pacific Countries Under Alternative Sequencings Of Free Trade Agreements," Global Journal of Economics (GJE), World Scientific Publishing Co. Pte. Ltd., vol. 1(02), pages 1-22.
    19. Eckhardt, Jappe & Serrano, Omar, 2014. "Economic Integration and Rivalry in Asia: Comparing Regional Trade Strategies of China and India," Papers 762, World Trade Institute.
    20. Ram Upendra Das, 2011. "Regional Trade-FDI-Poverty Alleviation Linkages – Some Analytical and Empirical Explorations," Chapters, in: Ulrich Volz (ed.), Regional Integration, Economic Development and Global Governance, chapter 7, Edward Elgar Publishing.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    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:eee:ecmode:v:35:y:2013:i:c:p:170-174. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .

    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.