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Identifier to cite or link to this item: https://hdl.handle.net/10086/17853

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Title
A BBC Regime for Asian Financial Cooperation: Fundamentals and Feasibility
Creator
Creator Name
Sun, Jie Sun, Jie
Affiliation
Affiliation Name
Institute of World Economics and Politics Chinese Academy of Social Sciences
Abstract
Asian financial cooperation began with CMI, deepened with Asian bond market initiatives and AMU/ACU proposals, but the progresses are less satisfied. Lack of a regional exchange rate arrangement is a key reason for it. The economic integration of East Asia is based on trade mainly, but can not comparable to the level of Euro area. It might be early to talk about regional currency within current economic fundamental. However, a currency basket benchmark is a necessary precondition for conducting regional surveillance and policy coordination. The report provides a dual baskets BBC regime design including the choice of peg currency, the choice of parity and the choice of band width and shows: 1) 10% band can be possible achieved, especially for nominal exchange rate coordination; 2) Real exchange rate analysis indicates that the importance of regional convergent requirements like the Maastricht Treaty in Asia.
Description
Fukino Seminar(Sub theme 3),Tokyo,2009-10-29,International Joint Research Center Fukino Project, Hitotsubashi University
吹野セミナー(サブテーマ3),東京,2009年10月29日,一橋大学国際共同研究センター吹野プロジェクト
Publisher
International Joint Research Center Fukino Project
Issued Date
2009-10
Language
English(eng)
Resource Type
conference object
Version Type
VoR
Number of Pages
37
Sponsorship
Fukino Foundation
吹野基金
Appears in Collections
051 Fukino Project Conference Papers and Presentations = 吹野プロジェクト会議・学会資料
URL
https://hdl.handle.net/10086/17853