Towards monetary and financial integration in East Asia
By: edited by Koichi Hamada, Beate Reszat, Ulrich Volz
Publisher: Edward Elgar; Elgar Publishing, Incorporated, Edward
Published: 2009
Place of publication: Cheltenham, UK
Language: eng
Format: [electronic resource] /
Number of pages: 409
ISBN-13: 9781848443631; 9781848447349
Subjects: Monetary unions; Monetary policy; Economic integration; BUSINESS & ECONOMICS; Finance
Description: Offers a comprehensive overview of the state of discussion on monetary and financial integration in East Asia. This title assesses the steps already taken toward financial integration, and advances different proposals for future exchange rate arrangements in what has now become the world's most dynamic region.
Notes: Includes bibliographical references and index.

Description based on print version record.
Table of contents: title: Introduction: prospects for monetary and financial integration in East Asia; title: dreams and dilemmas; title: PART I. The political economy of regional integration; title: 1. The ASEAN economic community and the European experience; title: 2. The political economy of European economic and monetary union negotiations and implications for East Asia; title: 3. International political conflicts and economic integration; title: PART II. Developing bond markets in East Asia; title: 4. Learning by doing in market reform: lessons from a regional bond fund; title: 5. Currency denomination in Asian bond markets; title: PART III. Exchange rate policies in East Asia: the role of the dollar; title: 6. East Asia's role in the revived Bretton Woods system; title: 7. Current account surpluses and conflicted virtue in East Asia: China and Japan under the dollar standard; title: PART IV. Toward monetary integration in East Asia?; title: 8. Three cases for monetary integration in East Asia; title: 9. Monetary and exchange rate policy coordination in ASEAN+1; title: PART V. Currency baskets for East Asia?; title: 10. Capital markets and exchange rate stabilization in East Asia: diversifying risk based on currency baskets; title: 11. Asian currency baskets; title: 12. The role of an Asian currency unit; title: PART VI. The role of China; title: 13. The illusion of precision and the role of the renminbi in regional integration; title: 14. Institutional and structural problems of China's foreign exchange market and the RMB's role in East Asia.