Currency Cooperation in East Asia
This book explores the opportunities and limits of currency cooperation in East Asia. Currency issues play an important role in the region. The Asian crisis of the late 90s was rooted in deficient currency arrangements. The Chinese RMB is not freely conve
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Frank Rövekamp Hanns Günther Hilpert Editors
Currency Cooperation in East Asia
Financial and Monetary Policy Studies Volume 38
Series editor Ansgar Belke, Essen, Germany
For further volumes: http://www.springer.com/series/5982
Frank Rövekamp Hanns Günther Hilpert •
Editors
Currency Cooperation in East Asia
123
Editors Frank Rövekamp East Asia Institute Hochschule Ludwigshafen Ludwigshafen Germany
Hanns Günther Hilpert German Institute for International and Security Affairs Stiftung Wissenschaft und Politik Berlin Germany
ISSN 0921-8580 ISSN 2197-1889 (electronic) ISBN 978-3-319-03061-6 ISBN 978-3-319-03062-3 (eBook) DOI 10.1007/978-3-319-03062-3 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2014931382 Springer International Publishing Switzerland 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
Currency Cooperation in East Asia was the topic of an international conference organized by the East Asia Institute in Ludwigshafen, Germany in May 2013. The conference brought together experts from central banks and leading academics to analyze the issue of currency cooperation in East Asia from various viewpoints. The discussions were very fruitful and the contributions of the participants form the basi
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