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How far apart are the two ACUs from each other? Asian currency unit and Asian currency union

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  • Watanabe, Shingo
  • Ogura, Masanobu
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    Abstract

    We argue the prospects of an Asian currency unit and an Asian currency union with a comprehensive survey of the literature, an empirical analysis and a study of the European Currency Unit's (ECU) experience. Asian countries may meet optimal currency area conditions. However, many other factors along the dimensions of history, politics and economic structure should be addressed for the realization of currency unification. The ECU experience suggests that even a successful Asian currency unit requires firm political commitment and expectations of eventual currency unification.

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    Bibliographic Info

    Article provided by Elsevier in its journal Emerging Markets Review.

    Volume (Year): 11 (2010)
    Issue (Month): 2 (June)
    Pages: 152-172

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    Handle: RePEc:eee:ememar:v:11:y:2010:i:2:p:152-172

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    Web page: http://www.elsevier.com/locate/inca/620356

    Related research

    Keywords: Asian currency unit Asian currency union Optimal currency area European currency unit;

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    Cited by:
    1. Gilles de Truchis & Benjamin Keddad, 2012. "South East Asian Monetary Integration: New Evidences from Fractional Cointegration of Real Exchange Rates," William Davidson Institute Working Papers Series wp1039, William Davidson Institute at the University of Michigan.

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