Perspectives on East-Asian Monetary Integration
AbstractIncreasing trade interdependence among East-Asian countries suggests the urge to design some monetary arrangement to stabilize the macroeconomic framework of an extremely heterogeneously growing area. The paper reviews the literature and analyses several directions of East-Asian integration process, especially in relation to the European model. We argue that a more comprehensive economic and political world-scenario should be considered and a multi-speed policy approach should be implemented in the area. Around the pivotal role of China, a wide agreement should be reached for an Asian single-currency, which might be rapidly issued and provide a reference target for other East-Asian countries.
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Bibliographic InfoArticle provided by Constantin Brancusi University, Faculty of Economics in its journal Constatin Brancusi Univeristy of Targu Jiu Annals - Economy Series.
Volume (Year): 1 (2009)
Issue (Month): (May)
trade; East-Asian countries; East-Asian integration process; European model; Asian singlecurrency;
Find related papers by JEL classification:
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F59 - International Economics - - International Relations and International Political Economy - - - Other
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