This introductory chapter sets out the book’s purpose, which is to investigate the prospects for monetary cooperation and integration in East Asia. The central question of this research is to what extent different forms of regional monetary cooperation and integration are promising options for the East Asian countries. Drawing on the traditional and more recent theoretical and empirical approaches to monetary integration, as well as on the European experiences, this work examines the economic conditions for monetary integration in East Asia and assesses the benefits and problems associated with it. An overview of the subsequent chapters is also presented.
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