Monetary and Financial Integration in East Asia: The Relevance of European Experience - Yung Chul Park and Charles Wyplosz
Author(s): Yung Chul Park, Korea University and Charles Wyplosz, The Graduate Institute, Geneva and CEPR
Monetary and Financial Integration in East Asia: The Relevance of European Experience - Yung Chul Park and Charles Wyplosz(8 MB)
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).
JEL classification: F15, F33, F36, F55
(European Economy. Economic Papers 329. September 2008.
Brussels. 149pp. Tab. Graph. Bibliogr. )
|ISBN 978-92-79-08254-2 (online)||
|ISSN 1735-3187 (online)