Publication
Jun 2013
This paper explores the issues surrounding Asia's reliance on the US dollar for regional and international transactions. The authors argue that establishing regional settlement currencies could be a short term solution to this problem and would prevent Asia from suffering as much as they have in previous financial crises.
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English (PDF, 35 pages, 1.0 MB) |
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| Author | Changyong Rhee, Lea Sumulong |
| Series | CIGI Papers |
| Issue | 3 |
| Publisher | Centre for International Governance Innovation (CIGI) |
| Copyright | © 2013 Asian Development Bank, The Centre for International Governance Innovation and the Hong Kong Institute for Monetary Research. This work is licensed under a Creative Commons Attribution — Non-commercial — No Derivatives License. |