The Asian Monetary Unit (AMU) is a basket of currencies proposed by the Japanese government's Research Institute of Economy, Trade and Industry (RIETI). It is similar to and modeled on the European Currency Unit (ECU), predecessor to the euro.[1]
The Asian Monetary Unit, which has been created as the joint project of 21st century COE project of Hitotsubashi University and RIETI, is a common currency basket composed of 13 East Asian currencies, such as ASEAN 10 plus Japan, China and South Korea. These data have been published on the website of RIETI since September 2005. After 4 years passed, a common currency basket composed of 13 AMU currencies plus three other countries, Australia, New Zealand and India, which are strongly connected with Asian countries, is newly created as "AMU-wide". The AMU-wide, which is a common currency basket composed of wider range of currencies, will be expected to use as a surveillance indicator corresponding to the extensive regional economies.
The calculation methodology[clarification needed] of the AMU-wide and AMU-wide Deviation Indicators[clarification needed] are same as those of the AMU. The benchmark period is defined as:
the total trade balance of member countries, and
the total trade balance of the member countries (excluding Japan) with Japan, and
the total trade balance of member countries with the rest of world
^Pekkanen, Saadia M.; Ravenhill, John; Foot, Rosemary, eds. (2014). Oxford Handbook of the International Relations of Asia. Oxford: Oxford University Press. p. 313. doi:10.1093/oxfordhb/9780199916245.001.0001. ISBN978-0-19-991624-5.
^The purpose to create a new data of Asian Monetary Unit with ASEAN 10 plus 3 (Japan, China and South Korea) plus 3 (Australia, New Zealand and India) - AMU-wide
^The purpose to create a new data of Asian Monetary Unit with ASEAN 10 plus 3 (Japan, China and South Korea) plus 3 (Australia, New Zealand and India) - AMU-wide
External linksedit
Daily value of AMU from RIETI
AMU (Asian Monetary Unit) and AMU Deviation Indicators
January 01, 1970
asian, monetary, unit, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, apri. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Asian Monetary Unit news newspapers books scholar JSTOR April 2009 Learn how and when to remove this message The Asian Monetary Unit AMU is a basket of currencies proposed by the Japanese government s Research Institute of Economy Trade and Industry RIETI It is similar to and modeled on the European Currency Unit ECU predecessor to the euro 1 The Asian Monetary Unit which has been created as the joint project of 21st century COE project of Hitotsubashi University and RIETI is a common currency basket composed of 13 East Asian currencies such as ASEAN 10 plus Japan China and South Korea These data have been published on the website of RIETI since September 2005 After 4 years passed a common currency basket composed of 13 AMU currencies plus three other countries Australia New Zealand and India which are strongly connected with Asian countries is newly created as AMU wide The AMU wide which is a common currency basket composed of wider range of currencies will be expected to use as a surveillance indicator corresponding to the extensive regional economies The calculation methodology clarification needed of the AMU wide and AMU wide Deviation Indicators clarification needed are same as those of the AMU The benchmark period is defined as the total trade balance of member countries and the total trade balance of the member countries excluding Japan with Japan and the total trade balance of member countries with the rest of world should all be relatively close to zero clarification needed 2 Contents 1 AMU baskets 2 See also 3 References 4 External linksAMU baskets editThe AMU is a basket composed of 13 currencies 3 AMU Country Currency Brunei Brunei dollar Cambodia Cambodian riel Indonesia Indonesian rupiah Laos Lao kip Malaysia Malaysian ringgit Myanmar Burmese kyat Philippines Philippine peso Singapore Singapore dollar Thailand Thai baht Vietnam Vietnamese đồng China Chinese Yuan Renminbi Japan Japanese yen South Korea South Korean wonSee also edit nbsp Asia portal nbsp Numismatics portal Regional Comprehensive Economic Partnership Monetary union Chiang Mai Initiative Asian Clearing UnionReferences edit Pekkanen Saadia M Ravenhill John Foot Rosemary eds 2014 Oxford Handbook of the International Relations of Asia Oxford Oxford University Press p 313 doi 10 1093 oxfordhb 9780199916245 001 0001 ISBN 978 0 19 991624 5 The purpose to create a new data of Asian Monetary Unit with ASEAN 10 plus 3 Japan China and South Korea plus 3 Australia New Zealand and India AMU wide The purpose to create a new data of Asian Monetary Unit with ASEAN 10 plus 3 Japan China and South Korea plus 3 Australia New Zealand and India AMU wideExternal links editDaily value of AMU from RIETI AMU Asian Monetary Unit and AMU Deviation Indicators ASEAN mulls single currency Retrieved from https en wikipedia org w index php title Asian Monetary Unit amp oldid 1095062536, wikipedia, wiki, book, books, library,
