Proposed Strategy for a Regional Exchange Rate Arrangement in Post-crisis East Asia
Masahiro Kawai · Shinji Takagi
Jan 2000 · World Bank Publications
Ebook
46
Pages
About this ebook
A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.
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