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A Roadmap for East Asian Monetary Integration : The Necessary First Step

Author

Listed:
  • Kyung Tae Lee

    (KIEP)

  • Deok Ryong Yoon

Abstract

The paper deals with the questions of why Asian monetary and financial cooperation has not proceeded rapidly even though the countries have discussed this issue for so long and how to overcome this problem. The authors identify the lack of a common vision and a roadmap for monetary integration as the most significant impediments.

Suggested Citation

  • Kyung Tae Lee & Deok Ryong Yoon, 2007. "A Roadmap for East Asian Monetary Integration : The Necessary First Step," Macroeconomics Working Papers 21971, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:macroe:21971
    as

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    File URL: http://www.eaber.org/node/21971
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    References listed on IDEAS

    as
    1. Park, Yung Chul, 2006. "Regional financial integration in East Asia: challenges and prospects," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1931, September.
    2. Alberto Alesina & Robert J. Barro & Silvana Tenreyro, 2003. "Optimal Currency Areas," NBER Chapters, in: NBER Macroeconomics Annual 2002, Volume 17, pages 301-356, National Bureau of Economic Research, Inc.
    3. C. Randall Henning, 2002. "East Asian Financial Cooperation," Peterson Institute Press: All Books, Peterson Institute for International Economics, number pa68, October.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Deok Ryong Yoon, 2012. "The G20 and the Role of Asia in the Future," Chapters, in: Jehoon Park & T. J. Pempel & Geng Xiao (ed.), Asian Responses to the Global Financial Crisis, chapter 7, Edward Elgar Publishing.
    2. Hyoung-kyu Chey, 2010. "Can the European Monetary System be a model for East Asian monetary cooperation?," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 15(2), pages 89-105.
    3. Woosik Moon & Yeongseop Rhee, 2012. "Asian Monetary Integration," Books, Edward Elgar Publishing, number 14191.

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    More about this item

    Keywords

    Asian monetary integration; OCA theory; Roadmap;
    All these keywords.

    JEL classification:

    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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