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Prospects for Monetary Cooperation and Integration in East Asia$
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Ulrich Volz

Print publication date: 2010

Print ISBN-13: 9780262013994

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262013994.001.0001

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Reflections on Monetary Integration in East Asia: Past, Present, and Future

Reflections on Monetary Integration in East Asia: Past, Present, and Future

Chapter:
(p.203) 12 Reflections on Monetary Integration in East Asia: Past, Present, and Future
Source:
Prospects for Monetary Cooperation and Integration in East Asia
Author(s):

Ulrich Volz

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013994.003.0012

This chapter presents reflections on the future of East Asian monetary relations. It first provides an overview of the ancient sinocentric tribute trade system which has shaped modern East Asia. It then discusses the results of a recent survey on regional economic interdependencies among Asian opinion leaders from academia, business, journalism, and politics, which shows that a broad consensus in favor of regional economic integration has already developed in the region. The chapter concludes with some politicoeconomic considerations and predictions regarding the likely future course of East Asian monetary cooperation and integration.

Keywords:   East Asian countries, economic relations, regional economic integration, monetary cooperation

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