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L'Intégration Monétaire Asiatique : Dollarisation, Monnaie Commune Ou Simple Coopération Monétaire ?

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  • Bruno JETIN
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    Abstract

    This article presents a survey of the monetary integration debate in East Asia with a special emphasis on the arguments developed by Asian economists themselves. It focuses mainly on the existence of an optimal monetary zone between various sets of East Asian countries. In a first part, we discuss critically this theory and show that there is no consensus on the optimal zone. In a second part we present the debate on the possible common currencies if a monetary integration was decided or even a monetary union created. The possible candidates are the US dollar, the Japanese Yen, the Chinese Yuan, a basket currency, a parallel currency, an Asian Currency Unit among others. In conclusion, we recall that the decision is above all political.

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    Bibliographic Info

    Article provided by Armand Colin in its journal Revue Tiers Monde.

    Volume (Year): n° 199 (2009)
    Issue (Month): 3 ()
    Pages: 591-610

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    Handle: RePEc:cai:rtmarc:rtm_199_0591

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    Web page: http://www.cairn.info/revue-tiers-monde.htm

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    Keywords: East Asia; monetary integration; optimal monetary zone; common curency;

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