Real effects of common currencies in East Asia /

Real effects of common currencies in East Asia /

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Bibliographic Details
Author / Creator:	Shirono, Kazuko, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, IMF Institute, ©2007.
Description:	1 online resource (23 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/07/166 IMF working paper ; WP/07/166.
Subject:	Monetary unions -- East Asia -- Econometric models. Currency question -- East Asia -- Econometric models. Commerce -- Econometric models. Currency question -- Econometric models. Monetary unions -- Econometric models. East Asia -- Commerce -- Econometric models. East Asia.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497868

Hidden Bibliographic Details
Other authors / contributors:	IMF Institute.
ISBN:	1283513293 9781283513296 1451911831 9781451911831 1462358853 9781462358854 1452793506 9781452793504 9786613825742 6613825743
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.
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.
Other form:	Print version: Shirono, Kazuko. Real effects of common currencies in East Asia. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2007
Standard no.:	10.5089/9781451911831.001

Description
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.
Physical Description:	1 online resource (23 pages) : illustrations
Format:	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.
Bibliography:	Includes bibliographical references (pages 21-23).
ISBN:	1283513293 9781283513296 1451911831 9781451911831 1462358853 9781462358854 1452793506 9781452793504 9786613825742 6613825743
ISSN:	2227-8885 ;