Hidden Bibliographic Details
| Other authors / contributors: | IMF Institute.
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| ISBN: | 1283513293
9781283513296
1451911831
9781451911831
1462358853
9781462358854
1452793506
9781452793504
9786613825742
6613825743
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| Notes: | Includes bibliographical references (pages 21-23).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | Since the 1997 Asian currency crisis, new interest has emerged in the formation of a common currency area in East Asia. This paper provides estimates of trade and welfare effects of East Asian currency unions, using a micro-founded gravity model. Counter-factual experiments to assess the effects of various hypothetical currency arrangements for East Asia suggest that an East Asian currency union will double bilateral trade in the region, but the resulting welfare effects will be moderate. However, if Japan, a major trade partner for East Asia, is included in the union, welfare effects increase substantially. The evidence thus suggests that certain regional currency arrangements in East Asia will stimulate regional trade rigorously and can generate economically significant welfare gains.
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| Other form: | Print version: Shirono, Kazuko. Real effects of common currencies in East Asia. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2007
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| Standard no.: | 10.5089/9781451911831.001
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