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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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A Reconsideration of Costs and Benefits

A Reconsideration of Costs and Benefits

Chapter:
(p.103) 6 A Reconsideration of Costs and Benefits
Source:
Prospects for Monetary Cooperation and Integration in East Asia
Author(s):

Ulrich Volz

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262013994.003.0006

This chapter discusses the changes that monetary integration might bring about, as well as the costs that it might involve. It presents a critique of optimum currency area (OCA) theory, followed by empirical and theoretical analyses of the dynamic effects and potential benefits of monetary integration in East Asia.

Keywords:   optimum currency area theory, monetary integration, East Asia

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