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Terms of Use

Disclaimers AMRO provides the information, documents, data, maps and materials (together, “Materials”) contained in this website solely as a resource for its users without any form of assurance. Whilst AMRO…

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Policies to Promote Local Currency Use in Intra-regional Trade and Investment in East Asia

Under the Bretton Woods system established in 1944, the U.S. dollar was made the global reserve currency convertible to gold, underlining post war U.S. economic dominance. Even after the Nixon shock that ended US$-gold convertibility and triggered the collapse of the Bretton Woods system in early 1970s, the U.S. dollar has remained the dominant currency for denominating trade and investment globally, including within East Asia.The dominance of the US$ is not just limited to trade and investment between the U.S. and its trading and investment partners, but also in transactions among third parties in which the U.S. is not involved, including within East Asia. For example, in 2017, 66.3% of Thai export to the EU was denominated in US$, a currency that was neither a local currency for the EU or Thailand. Similarly, 58.5% of Thai export to Japan was denominated in US$.

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AMRO Affirms its Commitment to Safeguard ASEAN+3 Macroeconomic and Financial Stability with New Website

The ASEAN+3 Macroeconomic Research Office (AMRO) today unveiled its new website, as part of its efforts to implement the Strategic Direction 2030, promising greater access to its research and analysis to foster macroeconomic and financial resilience and stability in the ASEAN+3 region.

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Watch 2019 in Review: Strengthening AMRO’s Role as a Trusted “Family Doctor” for a Crisis-free Region

AMRO celebrates the fourth anniversary of AMRO’s transformation into an international organization this month. Let’s take a look back at our efforts in 2019 aimed at enhancing AMRO’s role as a capable and trusted “family doctor” to our members, which, contributes to creating an ASEAN+3 region free of financial crises. (Music: Bensound.com)

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Launch of ASEAN+3 Finance Think-tank Network

AMRO and 20 leading research institutions today launched the AFTN to foster cooperation and research toward regional macroeconomic and financial resilience and stability.

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