Economics, Econometrics and Finance
4 years ago

New Currency Proposal to Boost Trade Integration in East Asia

Staff Papers
Use of National Currencies for Trade Settlement in East Asia: A Proposal
Il Houng Lee, Yung Chul Park

Paper Summary

The article suggests using national currencies for trade settlement in East Asia to boost financial integration and flexibility against the US dollar. This proposal aims to enhance monetary cooperation among ASEAN 3 countries, leveraging the growth in regional trade and the limitations of capital account liberalization in some nations.

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