Integração monetária e financeira em regiões emergentes: a experiência recente do Pacífico Asiático pode servir de

Julimar Bichara, André Cunha and Carlos Alves do Nascimento

Revista Economia e Sociedade, 2006, vol. 25, 28

Abstract: The paper analyzes the recent effort to create institutional support for monetary and financial integration process in the Asia-Pacific region. We argue that the 1997-1998 financial crisis was the catalytic force behind the emergence of new cooperation mechanisms. Considering the European history and the theory of optimal currency areas we suggest that Asia-Pacific region doesn?t have all the preconditions for monetary integration. On the other hand, institutional advances in the post crisis period have created new hopes for a future integration. Finally, after the analysis of the Asian case we explore some comparisons with the Mercosur integration experience.

Keywords: Monetary integration; Asian economies; Mercosur. (search for similar items in EconPapers)
JEL-codes: F15 F33 (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:euc:ancoec:v:25:y:2006:p:235-262

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