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OFFICIAL RESERVES AND CURRENCY MANAGEMENT IN ASIA: MYTH, REALITY AND THE FUTURE; HANS GENBERG...ET AL

by Hans Genbert

Addressing the questions related to accumulation of reserves in East Asia, this book provides some conclusions. It says that: the reserve build up is not driven by deliberately undervalued exchange rates; and the autonomous exchange rate adjustment is not an efficient method, to deal with account imbalances between the United States and East Asia.

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