Exchange Rates Under the East Asian Dollar Standard: Living with Conflicted Virtue

by Ronald I. McKinnon

Book Overview

The increasingly integrated economies of East Asia -- China, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand -- face the dilemma of how to achieve exchange-rate security in the absence of a unifying "Asian euro." The US dollar has become the region's dominant intraregional trading currency as well as the monetary anchor to which East Asian economies informally peg their currencies. In this timely and...

• Format: Paperback
• Language: English
• ISBN: 0262633418
• ISBN13: 9780262633413
• Release Date: January 2006
• Publisher: MIT Press
• Length: 279 Pages
• Weight: 0.84 lbs.
• Dimensions: 0.7" x 5.9" x 8.8"
• Age Range: 18 years and up
• Grade Range: Postsecondary and higher