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Some Lessons from Asian E-Money Schemes for the Adoption of Central Bank Digital Currency

Sun, Tao; Rizaldy, Ryan - 2023

This paper synthesizes four lessons from the experiences of six Asian e-money schemes for central banks as they consider adopting central bank digital currency (CBDC): (i) CBDC should embody four attributes: trust, convenience, efficiency, and security; (ii) CBDC service providers can facilitate...

Persistent link: https://www.econbiz.de/10014350034

Does Asia's Choice of Exchange Rate Regime Affect Europe's Exposure to US Shocks?

Markovic, Bojan; Povoledo, Laura - 2007

In this paper we use a stylised three-country model to analyse how the transmission of US shocks to Europe might be … implementing significant price adjustments, which in turn affect Europe's relative competitive position. On the theoretical side … results to China, the largest Asian economy. If China did eventually decide to float her currency, Europe's exposure to US …

Persistent link: https://www.econbiz.de/10014052545

Blockchain and tokenized securities: The potential for green finance

Schletz, Marco; Nassiry, Darius; Lee, Myung-Kyoon - 2020

Green investment vehicles are limited by multiple market failures, such as high transaction costs for certification and monitoring, and high minimum investment sizes. In this exploratory study, we apply an inductive approach based on qualitative evidence from expert feedback to assess the...

Persistent link: https://www.econbiz.de/10012609974

Choice of Anchor Currencies and Dynamic Preferences for Exchange Rate Pegging in Asia

Rizvi, Syed Kumail Abbas; Naqvi, Bushra; Mirza, Nawazish - In: Lahore Journal of Economics 18 (2013) 2, pp. 37-49

This paper attempts to answer two important questions in the context of Asian exchange rate regimes with respect to the choice of anchor currencies and dynamic preferences for exchange rate pegging. According to our results, the US dollar is the first choice of a de facto peg for many countries...

Persistent link: https://www.econbiz.de/10010905736

Strategies for Asian Exchange Rate Policy Cooperation

Yiping, Huang - East Asian Bureau of Economic Research (EABER) - 2009

Asian economies have undergone significant transformation since 1997/98 financial crisis. In order to reduce risks of balance of payment crisis, Asian policymakers introduced a number of policy reforms, including promotion of current account surpluses, accumulation of foreign reserves and some...

Persistent link: https://www.econbiz.de/10009363690

Implementing Monetary Policy in the 2000s : Operating Procedures in Asia and Beyond

Ho, Corrinne - 2013

Just as monetary policy at the strategic level has undergone significant changes over the years, so has its day-to-day implementation. This paper documents the key features of 17 central banks' monetary operating frameworks as of early 2007 and discusses their major developments over the...

Persistent link: https://www.econbiz.de/10014216397

CoinAsia : A Sovereign Backed Cryptocurrency and Blockchain for Asia

Hegadekatti, Kartik - 2017

This paper proposes the introduction of a Sovereign Backed Cryptocurrency for Asia called CoinAsia. CoinAsia will be an Asian reserve currency. I analyse the impact of CoinAsia on Asian economies in a scenario where Sovereign Backed cryptocurrencies will be the mainstream bills of exchange....

Persistent link: https://www.econbiz.de/10012966867

The Interest Rate Pass-Through : An Empirical Study of Seven Asian Economies

Hsu, Chris C - 2017

This paper examines the extent of interest rate pass-through in seven Asian economies including Indonesia, Korea, the Philippines, Singapore, Thailand, Hong Kong, and Taiwan. The data selected ranges from after the 1997 Asian financial crisis to right before the 2008 financial turmoil and...

Persistent link: https://www.econbiz.de/10012947161

Monetary Analysis and the Global Financial Cycle : An Asian Central Bank Perspective

Filardo, Andrew J. - 2014

EM Asia has seen a transformation of its monetary policy environment over the past 2 decades. By far, the most relevant change has been the maturing of its financial systems and the growing relevance of the global financial cycle: financial inclusion has spread, financial markets have deepened...

Persistent link: https://www.econbiz.de/10013047524

Dynamic analysis of exchange rate regimes : policy implications for emerging countries in Asia

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2014

This paper discusses desirable exchange rate regimes and how countries can shift from their current regimes to these regimes over the medium term. We demonstrate the superiority of a basket-peg regime with the basket weight rule over a floating regime with the interest rate rule or the money...

Persistent link: https://www.econbiz.de/10010420010