The dilemma of exchange rate arrangements in east asia... We identify major concerns about current exchange rate arrangements in East Asia, including asymmetric responses to external shocks, competitive devaluation, and the dilemma of choosing between asset dollarization and liability dollarization....
Currency policy coordination оf asean countries: foreign trade effects... On the base of exchange rate dynamics the author concludes that during the period of 2000-2014 ASEAN countries in general used competitive devaluation policy of national currencies to CNY, JPY, KRW and EUR and revaluation to USD....
Competitive devaluation in the context of trade protectionism: a critical approachIn the current economic context, competitive devaluation has become a common practice bothin emerging and developed economies....
Learning by devaluating: a supply-side effect of competitive devaluation... LDB implies that a country can increase its productivity-increasing skill level, at the expense of the neighbour, by competitive devaluation engineered through low interest rates....
