L'Intégration Monétaire Asiatique : Dollarisation, Monnaie Commune Ou Simple Coopération Monétaire ?
AbstractThis 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 InfoArticle provided by Armand Colin in its journal Revue Tiers Monde.
Volume (Year): n° 199 (2009)
Issue (Month): 3 ()
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Web page: http://www.cairn.info/revue-tiers-monde.htm
East Asia; monetary integration; optimal monetary zone; common curency;
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