East Asian Monetary Integration
Destined to Fail
Bibliographic Data
| ID | 15100719 |
|---|---|
| Authors | Yeongseop Rhee (International Monetary Fund, corresponding author) |
| Year | 2004 |
| Volume | 7 |
| Issue | 1 |
| Pages | 83-102 |
| Publication date | 2004-04-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Social Science Japan Journal (JOURNAL) |
| Journal identifiers | ISSN: 1369-1465 • E-ISSN: 1468-2680 |
| Publisher | Oxford University Press (PUBLISHER • GB) |
| DOI | 10.1093/ssjj/7.1.83 |
| OpenAlex | W2125186777 |
| Language | EN |
| Citations received | 4 |
| References cited | 5 |
This paper examines the economic and political economic conditions for East Asian monetary integration, with a focus on Japan's role in order to explain why East Asia is faltering in forming a regional monetary bloc. My evaluation of economic conditions in terms of self-containment of a regional economy, optimum currency area criteria (micro-economic efficiency and macro-economic stability), and seignorage revenue suggests that East Asian countries seem to be as well suited as EU countries for monetary integration. However, significant political barriers remain in East Asia. Besides rivalry between Japan and China and the lasting influence of the US in the region, Japan's ambiguous and burden-avoiding attitude towards East Asian monetary integration adds a further barrier to the process.
China · Currency · Devaluation · Development economics · East Asia · Economic integration · Economics · International economics · International trade · Macroeconomics · Monetary economics · Monetary hegemony · Monetary policy · Order (exchange) · Political science · Politics · Rivalry · Banking stability, regulation, efficiency · Finance · Fiscal Policies and Political Economy · Global Financial Crisis and Policies
| Citations per year | 0.21 |
|---|---|
| Citation span | 2007 - 2015 (9) |
| Highly cited | No |