Yen bloc or koala bloc? Currency relationships after the East Asian crisis

Chakriya Bowman

doi:10.1016/j.japwor.2003.09.002

Yen bloc or koala bloc? Currency relationships after the East Asian crisis

Chakriya Bowman^*

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

22 Citations (Scopus)

Abstract

During the 1990s, several studies found evidence for a "yen bloc", a significant and strengthening relationship between the Japanese yen and East Asian currencies possibly due to regional trade and investment by Japan. It appears that the Australian dollar now plays a similar role in the East Asian region, and the linkages between the Australian dollar and the Asian currencies show as much support for a "koala bloc" as a "yen bloc". This study concludes that the US dollar appears to have declined in importance in post-1997 crisis East Asia, while Australia and Japan are becoming increasingly important regional influences.

Original language	English
Pages (from-to)	83-96
Number of pages	14
Journal	Japan and the World Economy
Volume	17
Issue number	1
DOIs	https://doi.org/10.1016/j.japwor.2003.09.002
Publication status	Published - Jan 2005

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10.1016/j.japwor.2003.09.002

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Yen bloc or koala bloc? Currency relationships after the East Asian crisis

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