Financial Cooperation in East Asia

Kunimune Kozo

No 68, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: This paper addresses the rationale for financial cooperation in East Asia. It begins by giving a brief review of developments after the Asian currency crisis, and argues that enhancing regional financial cooperation both quantitatively and qualitatively will require: (1) upgrading surveillance capabilities in the region, and (2) creating a clear division of labor between regional institutions and the IMF. It also mentions the issue of membership and the background forces that have led to the duplication of similar forums in East Asia. Although the concern over crisis management is the central issue in East Asian financial cooperation, other issues such as exchange rate policy coordination and fostering regional capital markets are discussed as well.

Keywords: International Financial Cooperation; IMF; International finance; International cooperation; East Asia; Southeast Asia; 国際金融; 国際協力; 東アジア; 東南アジア (search for similar items in EconPapers)
JEL-codes: F36 O19 O53 (search for similar items in EconPapers)
Date: 2006-08-01
New Economics Papers: this item is included in nep-ifn, nep-mon and nep-sea
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Published in IDE Discussion Paper = IDE Discussion Paper, No. 68. 2006-08-01

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