Title

Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia

Kazuko Shirono

Yen Bloc or Yuan Bloc: An Analysis of Currency Arrangements in East Asia

This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries...
Topics: 
Economy
Keywords: 
Currency, Japan