2008•Journal of Shanxi Finance and Economics UniversityRequires access

Choice Between Internationalization and Non-Internationalization of Currency:A Comparison Between Korea and Singapore

Gong Xun-zhou

Abstract

After the collapse of Bretton Woods System in 1970s,international currency system has been changed and the multi-trend of currency reserving arised.In East Asia,some developing countries began their practice of internationalization of currency.It was well known that the realization of internationalization of currency could bring many benefits.A lot of scholars provided explanation theoretically on internationalization of currency.In this paper,the author makes a research on different choice on internationalization of currency of Korea and Singapore.Based on analysis and comparison,the paper would give the policy advice.

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Key concepts: Internationalization, Currency, Reserve currency, Realization (probability), Foreign exchange risk, Economics, Carry (investment), International economics