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Progress and prospects of regional financial arrangements and cooperation in East Asia: a critical survey

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  • Jeon, Bang Nam

Abstract

The main purpose of this paper is to provide a brief survey for the progress and prospects of regional financial arrangements/cooperation among the East Asian nations and present the summary of various conflicting points of discussion about the strategies on the establishment of an effective regional financial arrangement in the region. This critical survey derives a list of viable and practical strategies for establishing an effective RFA/RFC scheme in the East Asian region in order to prevent the reoccurrence of a financial/economic crisis and large-scale contagion in the region in the future.

Suggested Citation

  • Jeon, Bang Nam, 2012. "Progress and prospects of regional financial arrangements and cooperation in East Asia: a critical survey," MPRA Paper 36621, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36621
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    File URL: https://mpra.ub.uni-muenchen.de/36621/1/MPRA_paper_36621.pdf
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    References listed on IDEAS

    as
    1. Peter B. Kenen, 2001. "International Financial Architecture: What's New? What's Missing?, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 335, April.
    2. Takatoshi Ito, 2000. "Capital Flows in Asia," NBER Chapters, in: Capital Flows and the Emerging Economies: Theory, Evidence, and Controversies, pages 255-296, National Bureau of Economic Research, Inc.
    3. Olarn Chaipravat, 2001. "Towards a Regional Financing Arrangement in East Asia," The World Economy, Wiley Blackwell, vol. 24(8), pages 989-994, September.
    4. Kar‐yiu Wong & Richard Y. K. Ho, 2002. "The Asian Crisis, 1997," Review of International Economics, Wiley Blackwell, vol. 10(1), pages 1-1, February.
    5. Jeon, Bang Nam & Seo, Byeongseon, 2003. "The impact of the Asian financial crisis on foreign exchange market efficiency: The case of East Asian countries," Pacific-Basin Finance Journal, Elsevier, vol. 11(4), pages 509-525, September.
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    Cited by:

    1. Jeon, Bang Nam, 2012. "From the 1997-98 Asian financial crisis to the 2008-09 global economic crisis: lessons from Korea’s experience," MPRA Paper 36469, University Library of Munich, Germany.
    2. Jeon, Bang Nam & Seo, Byeongseon, 2003. "The impact of the Asian financial crisis on foreign exchange market efficiency: The case of East Asian countries," Pacific-Basin Finance Journal, Elsevier, vol. 11(4), pages 509-525, September.

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    More about this item

    Keywords

    Regional Financial Cooperations; Asian Financial Crisis; East Asia;
    All these keywords.

    JEL classification:

    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration

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