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