Proceedings of the Sixth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2019)

A Study of Monetary Hierarchy Risks of Asia

Authors
Tao Ma, Wenli Ding, Ming Li
Corresponding Author
Wenli Ding
Available Online September 2019.
DOI
https://doi.org/10.2991/wrarm-19.2019.32How to use a DOI?
Keywords
the geography of money, Asian currency, currency hierarchy, Renminbi Internationalization
Abstract
A comprehensive introduction of different currencies in different regions within Asia are given. Based on such analysis the paper tries to divide Asian currencies into 5 hierarchies. At present, the Japanese Yen is the Top 1 currency in Asia, Chinese Renminbi stands on the second hierarchy, Hongkong Dollar, Thai Baht, Singapore Dollar, Malaysian Ringgit and South-Korean Won belongs to the third hierarchy, most other currencies in Asia, such and Indian Rupee and Vietnamese Dong etc., belongs to the fourth hierarchy, the most special currency status in Asia is Timor-Leste, she only issue fractional currency, thus it was divided into the fifth hierarchy. The hierarchy will be stable for some time. There are two main risks for the hierarchy, the first is that Japanese Yen is competing direct with RMB which might block the speed of RMB internationalization, the second is that the regional monetary cooperation might have some shocks to Asian monetary hierarchy.
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Volume Title
Proceedings of the Sixth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2019)
Series
Advances in Intelligent Systems Research
Publication Date
September 2019
ISBN
978-94-6252-793-5
ISSN
1951-6851
DOI
https://doi.org/10.2991/wrarm-19.2019.32How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Tao Ma
AU  - Wenli Ding
AU  - Ming Li
PY  - 2019/09
DA  - 2019/09
TI  - A Study of Monetary Hierarchy Risks of Asia
BT  - Proceedings of the Sixth Symposium of Risk Analysis and Risk Management in Western China (WRARM 2019)
PB  - Atlantis Press
SP  - 153
EP  - 156
SN  - 1951-6851
UR  - https://doi.org/10.2991/wrarm-19.2019.32
DO  - https://doi.org/10.2991/wrarm-19.2019.32
ID  - Ma2019/09
ER  -