OFFICIAL RESERVES AND CURRENCY MANAGEMENT IN ASIA: MYTH, REALITY AND THE FUTURE; HANS GENBERG...ET AL.
Series: GENEVA REPORTS ON THE WORLD ECONOMY; 7
Publisher: CTR FOR ECONOMIC POL RES
Published: 2005
Place of publication: LONDON
Language: und; eng
Number of pages: 128
Description: Addressing the questions related to accumulation of reserves in East Asia, this book provides some conclusions. It says that: the reserve build up is not driven by deliberately undervalued exchange rates; and the autonomous exchange rate adjustment is not an efficient method, to deal with account imbalances between the United States and East Asia.