Monetary Integration in East Asia: Issues of Economic and Policy Convergence in a Comparative Context
Mordechai Kreinin and
Michael Plummer ()
Professional Reports from Rimini Centre for Economic Analysis
In recent years, Asian policymakers have considered the possibility of promoting closer financial integration and, possibly, monetary union. This paper considers the economics of the decision to form a currency union in East Asia using the European experience as a benchmark. We also compare the appropriateness of an East Asian currency union to MERCOSUR. In sum, we find that a core group of five East Asian countries appear to meet the convergence criteria set out in the Maastricht Treaty, whereas some of the others are moving toward that goal. The macroeconomic indicators tend to be strong and symmetric.
Keywords: Monetary integration; ASEAN; Economic Integration; East Asia (search for similar items in EconPapers)
JEL-codes: F33 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:rim:rimpre:02_09
Access Statistics for this paper
More papers in Professional Reports from Rimini Centre for Economic Analysis Contact information at EDIRC.
Bibliographic data for series maintained by Marco Savioli ().