The South Asian Bureau of Economic Research (SABER) builds on the success of the East Asian Bureau of Economic Research (EABER) in creating a forum for high-quality economic research focusing on issues facing the economies of South Asia and economic interaction between South and East Asia. It comprises representatives from Bangladesh, India, Nepal, Pakistan, Sri Lanka and Australia. The rapid development of the South Asian economies, the growth of regional and intra-regional trade, financial and other economic interaction, and South Asia's increasing role in the global economy all underline the need for access to a vastly increased range of quality economic analysis on South Asia. SABER, like EABER, is a portal for research on South Asian Economics and houses a collection of research papers from all its member institutes available in the categories at the top of this page. For more information on SABER funding, support and purpose, see 'About SABER'
The EABER-SABER Newsletter
March 2010
The future of the international currency system and China’s RMB
The global financial crisis could mark the beginning of the end for the US dollar’s dominance over the global economy. But this end is not yet in the foreseeable future. The US dollar will remain one of the world’s most important currencies for many years to come. But the difficulties in maintaining the US dollar’s role as a global reserve currency are large, and are best characterised by the ‘Triffin Dilemma’. As growing international economic transactions increase offshore demand for US dollars, the US current account deficit necessarily grows. But the high deficit diminishes global investors’ confidence in the dollar. In sum, the international currency system is going to change.
These changes are important for China: Firstly, the US dollar has been the most important foreign currency for China’s external economic relations. Should the US dollar begin... (Read more)
*Yiping Huang is professor of economics in the China Center for Economic Research at Peking University and a professor of economics in the China Economy Program at the Australian National University.
SABER Paper of the Month
News
Conference:
Asian Economic Integration: Policy, Institutions and Structural Reform
11-12 February, 2010, Canberra
Click here for the Conference Programme
Click here for the Participant Profiles
The East Asia Forum (located at eastasiaforum.org) has daily content from experts in different fields drawn from across the globe. It provides a platform for the best in East Asian analysis, research and policy comment on the Asia-Pacific region and world affairs.
New Publication: Institutions for Economic Reform in Asia by Philippa Dee (Ed.)
For more details visit the EABER Bookstore here
or view the publisher's site here
