收稿日期: 2006-03-29
网络出版日期: 2006-09-10
East-Asian Monetary Cooperation under the Managed Floating Exchange Rate Regime
Received date: 2006-03-29
Online published: 2006-09-10
黄济生 , 冉生欣 . 论管理浮动汇率制下的东亚货币合作[J]. 华东师范大学学报(哲学社会科学版), 2006 , 38(4) : 75 -79+96 . DOI: 10.16382/j.cnki.1000-5579.2006.04.011
Since East Asian currencies gave up the USD-pegged regime, both Yen and RMB (especially, RMB) have played more important roles in stabilizing exchange rates in East Asia than other currencies.As a result, those sub-currency-areas established around Yen and RMB respectively as their core currency (that is, bi-way mechanism) may lead to real East-Asian exchange rate cooperations and coordinations.In the long run "bi-way mechanism" will result in a competitive and coordinative mechanism between Yen, RMB and USD.The USD's position of "hegemony" may be challenged.
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