This volume provides an overview of exchange rate policies in the growth economies of East and Southeast Asia. The contributors provide theoretical material, compare national policies across the region, and study the national experiences in countries including Korea, Singapore, Taiwan and Thailand. This study further explores the implications of Asian exchange rate policies for the world economy, providing regional, global and historical perspectives on Asian monetary relations.

Over the first ten years of its existence, the euro has proved to be more than a powerful symbol of collective identity. It has provided price stability to previously inflation-prone countries; it has offered a shelter against currency crises; and it has by and large been conducive to budgetary discipline. The eurozone has attracted five new members in addition to the initial eleven, and many countries in Europe wish to adopt it.

The euro has also been successful internationally. Even though research presented in this volume confirms that it has not rivaled the dollar's world currency...

The euro's life, while only slightly more than a decade long, has been riddled by a series of challenges and crises. The eruption of the Greek crisis in 2010 took European policymakers by surprise and forced them to design responses to a quickly deteriorating situation. Even though Europe has final begun to stabilize, the disparity between the prosperous Northern countries, especially Germany, and the plummeting Southern countries, including Spain and Greece, has exacerbated economic and political problems within the Eurozone. Amidst loud and frequent debates, solutions have been enacted, but...