Title: Proposed strategy for a regional exchange rate arrangement in post-crisis East Asia
Description: A coordinated action by East Asian countries to stabilize their currencies against a common basket of major currencies (broadly representative of their average structure of trade and foreign direct investment) would help stabilize both intraregional exchange rates and effective exchange rates, in a way consistent with the medium-term objective of promoting trade investment and growth in the region.
Subjects: Foreign exchange rates, Statistics
Places: East Asia, Southeastern Asia