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Prospects for Monetary Cooperation and Integration in East Asia
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Prospects for Monetary Cooperation and Integration in East Asia

Ulrich Volz

Abstract

East Asian countries were notably uninterested in regional monetary integration until the late 1990s, when the Asian financial crisis revealed the fragility of the region’s exchange rate arrangements and highlighted the need for a stronger regional financial architecture. Since then, the countries of East Asia have begun taking steps to explore monetary and financial cooperation, establishing such initiatives as regular consultations among finance ministers and central bank governors and the pooling of foreign exchange reserves. This book investigates the prospects for monetary cooperation and ... More

Keywords: East Asian countries, regional monetary integration, Asian financial crisis, exchange rate arrangements, regional financial architecture, financial cooperation, finance ministers, central bank governors, foreign exchange reserves, informal policy consultations

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780262013994
Published to MIT Press Scholarship Online: August 2013 DOI:10.7551/mitpress/9780262013994.001.0001

Authors

Affiliations are at time of print publication.

Ulrich Volz, author