01609cas a2200241 a 4500 AALejournalIMF005499 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451871500 1018-5941 BD-DhAAL BD-DhAAL Shirono, Kazuko. Yen Bloc or Yuan Bloc : An Analysis of Currency Arrangements in East Asia / Kazuko Shirono. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue if China's relative presence continues to rise in the regional trade. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2009/003 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/003/001.2009.issue-003-en.xml IMF e-Library