Asian Monetary Integration

Asian Monetary Integration

Coping with a New Monetary Order after the Global Crisis

Woosik Moon and Yeongseop Rhee

The authors examine the history, conditions and current efforts towards monetary integration in Asia and explore possible future paths, highlighting the roles and perspectives of East Asian countries in the integration process. They consider how East Asian economies could establish their own zone of monetary stability, and show that this stability cannot be separately addressed from the issues of economic growth and solidarity. Against this backdrop, the book tackles the issues of East Asian monetary integration underpinned by the broad framework of economic growth and solidarity.

Bibliography

Woosik Moon and Yeongseop Rhee

Subjects: asian studies, asian economics, asian politics and policy, economics and finance, asian economics, international economics, money and banking, politics and public policy, asian politics

Extract

Aizenman, Joshua and Jaewoo Lee (2005), ‘International reserves: precautionary vs. mercantilist views, theory and evidence’, IMF working paper no. 05/198. Aizenman, Joshua and Nancy Marion (2002), ‘The high demand for international reserves in the Far East: what’s going on?’, NBER working paper no. 9266. Aizenman, Joshua and Brian Pinto (2011), ‘Managing financial integration and capital mobility: policy lessons from the past two decades’, World Bank Policy research working paper no. 5786. Akamatsu, Kaname (1962), ‘A historical pattern of economic growth in developing countries’, Journal of Developing Economies, 1(1), 3–25. Amyx, Jennifer A. (2004), ‘A regional bond market for East Asia? The evolving political dynamics of regional financial cooperation’, Australia-Japan Research Centre Pacific Economic Papers, no. 342. Ando, Mitsuyo and Fukunari Kimura (2003), ‘The formation of international production and distribution networks in East Asia’, NBER working paper no. 10167, December. Arner, Douglas, Paul Lejot and S. Ghon Rhee (2005), Impediments to Cross-Border Investments in Asian Bonds, Singapore: PECC Finance Forum. Asia Development Bank (2010), Institutions for Asian Integration: Toward an Asian Community, Manila: ADB. Bae, Yeung Mok (1990), ‘A study on money and banking during the colonial period in Korea’, PhD thesis, Seoul National University, in Korean. Baek, Seung-Gwan and Chi-Young Song (2002), ‘Is currency union a feasible option in East Asia?’, in Han-Kwang Chu and Yungjong Wang (eds), Currency Union in East Asia, Seoul: KIEP, pp.107–46. Bank of Japan (1970), Nihonkinyushisiryo, Showa Period, vol. 27, in Japanese. Banyai, Richard A. (1974), Money and Banking in...