A Roadmap for Policy Dialogue and Economic Surveillance in East Asia
AbstractThis paper deals with the forward looking framework of policy dialogue and economic suveillance in East Asia, based on analysis of the necessities, constraints and difficulties, together with criteria for effective surveillance. It proposes a roadmap for strengthening the mechanisms for surveillance in East Asia, with the emphasis on defining different phases, designing possible approaches and identifying the key elements for better surveillance in the region. The study suggests that there should be three phases for forming strong institutionalised regional surveillance. It also discusses possible moves in the second phase with focus on the importance of specifying surveillance coverage and improving statistical infrastructure. The paper points out that the success of establishing a firmly instituionalised surveillance mechanism in East Asia, to a large extent, relies on a common understanding among the countries in the region on the following issues : the necessity of a common monetary regime, the vital importance of statistical infrastructure and the essential elements of political consideration.
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Governance Working Papers with number 22021.
Date of creation: Jan 2005
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Economic surveillance; policy dialogue; East Asia;
Find related papers by JEL classification:
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O23 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
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