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Distribution, Domestic Politics and Monetary Cooperation in East Asia

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  • Natasha Hamilton-Hart

    (Asian Development Bank Institute)

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.

Suggested Citation

  • Natasha Hamilton-Hart, 2011. "Distribution, Domestic Politics and Monetary Cooperation in East Asia," ADBI Working Papers 332, Asian Development Bank Institute.
    • Handle: RePEc:ris:adbiwp:0332
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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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    References listed on IDEAS

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    Cited by:

    1. Natasha Hamilton-Hart, 2012. "Regional and multi-level governance: East Asian leadership after the global financial crisis," Asia Europe Journal, Springer, vol. 9(2), pages 237-254, March.

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    More about this item

    Keywords

    regional integration; east asia; monetary cooperation;
    All these keywords.

    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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