Monetary and Financial Integration in East Asia: The Relevance of European Experience
Oxford University Press, 2010 - Business & Economics - 175 pages
This book looks at East Asia's monetary and financial integration from both Asian and European perspectives. It analyses the Euro area's framework for monetary policy implementation, introduced in 1999. It reviews the efforts to foster regional monetary and financial integration and relates them to Europe's own evolution. It highlights successes and failures in both cases and offers a careful assessment of the state of play. A central theme of the volume is that the East Asian reliance on markets is not enough to promote the kind of deep integration that Europe has achieved and that provides protection against exchange rate turbulence. The implications of the recent global crisis are also examined. Written by two of the foremost monetary experts on Asia and Europe, this book will be an invaluable aid to students and academics interested in the relevance of the European experience to the debates about monetary integration in East Asia.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Economic Reforms Growth and Integration in East Asia
2 Critical Survey of the Literature on Financial and Monetary Integration in East Asia
3 Initiatives for Financial Cooperation and Macroeconomic Surveillance
4 Europe and Cooperation in East Asia
Other editions - View all
ABMI adoption arrangement ASEAN ASEANş3 countries ASEANş3 Finance Ministers ASEANş3 members Asia’s Asian Bond Market Asian Development Bank assets bilateral exchange rates borrowers BSAs capital account capital markets central banks China China and Japan CMIM common basket common currency crises currency union dollar domestic East Asia East Asian countries East Asian economies economic integration effect Eichengreen EMEAP emerging economies euro area Europe Europe’s European Central Bank exchange rate policy exports financial institutions financial integration financial markets foreign exchange reserves Fund global financial governance growth Hong Kong Indonesia integration in East international financial investment investors issue Japan Korea liquidity Malaysia member countries ment monetary integration multilateral optimum currency area percent Philippines policymakers portfolio reforms regional bond markets regional financial regional integration renminbi reserve currency reserve pooling role sector share Singapore speculative attacks strategy surveillance swap Thailand tion Wyplosz