Monetary and Financial Integration in East Asia: The Relevance of European Experience

Yung Chul Park and Charles Wyplosz

No 329, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: This report examines the process of economic and financial integration in East Asia in the light of Europe's experience. The report provides a comprehensive analysis of East Asian monetary and financial integration process (including a deep analysis of East Asia's response to the 1997-98 financial crisis), a comprehensive critical survey of the literature on monetary and financial integration in East Asia, and an assessment of the various initiatives undertaken in the region for financial cooperation and macroeconomic surveillance. Its aim is to evaluate the evolution of the last decade and to offer policy suggestions. The main policy recommendations concern essentially two areas: (i) how to promote the creation of a regional financial market in Asia and (ii) how to encourage cooperation and macroeconomic surveillance in the region. (Provisional version. The printed publication will be delayed until the final text is available).

Keywords: Regional Integration; Financial integration; Monetary cooperation; mutual surveillance; East Asia; European Monetary Union; Park; Wyplosz (search for similar items in EconPapers)
JEL-codes: F15 F33 F36 F55 (search for similar items in EconPapers)
Pages: 149 pages
Date: 2008-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (12)

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Related works:
Book: Monetary and Financial Integration in East Asia: The Relevance of European Experience (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0329

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