Distribution, Domestic Politics and Monetary Cooperation in East Asia

Natasha Hamilton-Hart
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Natasha Hamilton-Hart: Asian Development Bank Institute

No 332, ADBI Working Papers from 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.

Keywords: regional integration; east asia; monetary cooperation (search for similar items in EconPapers)
JEL-codes: E50 F30 F50 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2011-12-08
New Economics Papers: this item is included in nep-mon and nep-sea
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Citations: View citations in EconPapers (1)

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