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Distribution, Domestic Politics and Monetary Cooperation in East Asia

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  • Hamilton-Hart, Natasha

    (Asian Development Bank Institute)

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    Abstract

    Since the financial crises of 1997, East Asia has made modest but nonetheless significant steps towards greater regional integration and cooperation in the areas of finance and trade, accompanied by progress on institution-building at the regional level. Monetary cooperation, however, has not proceeded to anything like even the modest levels registered for other functional areas of cooperation. This paper investigates this discrepancy. It asks whether monetary cooperation is simply an unattractive proposition because it promises fewer net gains than cooperation on other issues, or whether there are other explanations for the absence of monetary cooperation in the region.

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    File URL: http://www.adbi.org/files/2011.12.09.wp332.domestic.politics.monetary.cooperation.east.asia.pdf
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    Paper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 332.

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    Length: 26 pages
    Date of creation: 08 Dec 2011
    Handle: RePEc:ris:adbiwp:0332
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    Keywords: regional integration; east asia; monetary cooperation;

    Find related papers by JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • F30 - International Economics - - International Finance - - - General
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General

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