Is an Asian Monetary Union Under a Yen Bloc Still Possible? PDF Download

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Is an Asian Monetary Union Under a Yen Bloc Still Possible?

Is an Asian Monetary Union Under a Yen Bloc Still Possible? PDF Author: Lee Khuay Khiang
Publisher:
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Languages : en
Pages : 30

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Book Description
The East Asian financial crisis raised the necessity of a monetary union in the region. This paper looks into the anatomy of the financial crisis and revisits the feasibility of a monetary union to be formed in East Asia covering ASEAN plus China, South Korea and Japan. Several arguments and reasons have been offered that indicate the feasibility of formulating a monetary union under the Japanese hegemony, but may not currently be possible. Yet other areas being looked into include the aspect of the optimum currency area theory and barriers to postulate whether it is possible for monetary union to be ultimately formed.