Duck-Koo Chung - Böcker

East Asian exchange rates have become a global flashpoint. U.S. policymakers blame artificially low Asian currency values for global imbalances, including America's ballooning current account deficit. The solution, they argue, lies in some combination of greater exchange rate flexibility and the appreciation of Asian currencies against the dollar. Asian officials recognize the need to let their exchange rates rise, but they fear that would hamper growth and cut sharply into the value of their dollar reserves.Toward an East Asian Exchange Rate Regime offers a timely and comprehensive analysis of the resulting debates, drawing on expertise from China, Japan, South Korea, and the United States. The introduction reviews the issues at stake, sketches a variety of proposed exchange rate regimes, and discusses comparisons between East Asia and the West.Subsequent chapters examine the connection between global financial imbalances and East Asian monetary cooperation, China's potential role in regional coordination, the relationship between monetary and trade integration, and different paths toward regional cooperation. Authoritative yet concise, this is an essential primer on East Asian monetary integration.Contributors include Gongpil Choi (Korean Institute of Finance, Federal Reserve Bank of San Francisco), Masahiro Kawai (University of Tokyo, Asian Development Bank), Kwanho Shin (Korea University), Yunjong Wang (SK Institute), Masaru Yoshitomi (RIETI,Tokyo), and Yongding Yu (Chinese Academy of Social Sciences).

This book represents the very first comprehensive work that examines Korea-US-China trilateral relations through a strategic triangular lens. It moves beyond conventional discussions of bilateral ties to provide an in-depth analysis of the complexity, conflict, and economic interdependence characterizing the relationships among these three nations.This book takes a fascinating approach by delving into how Xi Jinping's personality and traits influence China's decision-making and, in turn, affect the trilateral relationship between Korea, the U.S., and China. This angle is particularly compelling because it personalizes international relations, grounding geopolitical shifts and strategies in the individual characteristics of a key world leader. By examining Xi Jinping's personal impact, this book can offer insights that differ from traditional analyses focused more on economic or military metrics. This unique perspective could indeed attract readers interested in understanding the nuanced ways in which individual leadership styles impact global politics.

This book represents the very first comprehensive work that examines Korea-US-China trilateral relations through a strategic triangular lens. It moves beyond conventional discussions of bilateral ties to provide an in-depth analysis of the complexity, conflict, and economic interdependence characterizing the relationships among these three nations.This book takes a fascinating approach by delving into how Xi Jinping's personality and traits influence China's decision-making and, in turn, affect the trilateral relationship between Korea, the U.S., and China. This angle is particularly compelling because it personalizes international relations, grounding geopolitical shifts and strategies in the individual characteristics of a key world leader. By examining Xi Jinping's personal impact, this book can offer insights that differ from traditional analyses focused more on economic or military metrics. This unique perspective could indeed attract readers interested in understanding the nuanced ways in which individual leadership styles impact global politics.

More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country's recovery and growth.International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.

More than five years have passed since South Korea fell prey to the Asian financial crisis. Bringing together experts from Korea and a variety of other countries, this book aims to better understand the three stages of the Korean crisis: the onset, the policy reaction, and the economic response. Providing an integrated analysis of the event and its consequences, the chapters in the book consider the causes of the crisis, the response of the US government and International Monetary Fund, adjustments in the Korean monetary and fiscal policies, and the success of financial and corporate restructuring. The concluding chapters bring the story up-to-date, describing the aftermath of the crisis and assessing whether there has been sufficient reform to facilitate the country's recovery and growth.International and also Asian economists will find this a thoroughly accessible and illuminating book, as will specialists on Korea, political scientists and political economists.