The East Asian Bureau of Economic Research is a forum for high-quality economic research focussing on issues facing the economies of East Asia. It comprises representatives from Japan, China, South Korea, Vietnam, Cambodia, Laos, Thailand, Malaysia, the Philippines, Indonesia and Australia. The rapid development of the East Asian economies, the growth of intra-regional trade, financial and other economic interaction, and East Asia's new role in the global economy all underline the need for access to a vastly increased range of quality economic analysis on East Asia.
Such analysis from both inside and outside government is essential to assist policymakers in responding to, and anticipating, issues confronting the East Asian economy. Quality economic analysis is essential to assist policymakers in responding to new issues as they arise. EABER will provide research support for policymakers, improve links between researchers throughout the region, and create venues where researchers and policymakers can come together to discuss issues vital to economic development in East Asia.
For Working Papers from EABER Projects and Internal Conference Series click here.
The EABER-SABER Newsletter
March 2010
The future of the international currency system and China’s RMB
The global financial crisis could mark the beginning of the end for the US dollar’s dominance over the global economy. But this end is not yet in the foreseeable future. The US dollar will remain one of the world’s most important currencies for many years to come. But the difficulties in maintaining the US dollar’s role as a global reserve currency are large, and are best characterised by the ‘Triffin Dilemma’. As growing international economic transactions increase offshore demand for US dollars, the US current account deficit necessarily grows. But the high deficit diminishes global investors’ confidence in the dollar. In sum, the international currency system is going to change.
These changes are important for China: Firstly, the US dollar has been the most important foreign currency for China’s external economic relations. Should the US dollar begin... (Read more)
*Yiping Huang is professor of economics in the China Center for Economic Research at Peking University and a professor of economics in the China Economy Program at the Australian National University.
EABER Paper of the Month
Reducing Unemployment in Indonesia: Results from a Growth-Employment Elasticity Model
News
Conference:
Asian Economic Integration: Policy, Institutions and Structural Reform
11-12 February, 2010, Canberra
Click here for the Conference Programme
Click here for the Participant Profiles
The East Asia Forum (located at eastasiaforum.org) has daily content from experts in different fields drawn from across the globe. It provides a platform for the best in East Asian analysis, research and policy comment on the Asia-Pacific region and world affairs.
New Publication: Institutions for Economic Reform in Asia by Philippa Dee (Ed.)
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