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Monetary and Financial Integration in East Asia
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Monetary and Financial Integration in East Asia: The Relevance of European Experience

Yung Chul Park and Charles Wyplosz

Abstract

East Asia's recent economic integration is in many ways similar to that undergone by Western Europe following the Second World War. The book analyses the Asian experience from both Asian and European perspectives. The two regional evolutions share a number features but the political, historical, and economical differences are significant enough to warrant caution in drawing lessons. Even though the quest for exchange rate policy stability has been a longstanding common concern, the European experience — and its monetary union — does not always transfer successfully to Asia. Successes and failu ... More

Keywords: regional integration, financial markets, financial integration, exchange rate policy, Euro, financial crisis, globalization

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780199587124
Published to Oxford Scholarship Online: September 2010 DOI:10.1093/acprof:oso/9780199587124.001.0001

Authors

Affiliations are at time of print publication.

Yung Chul Park, author
Distinguished Professor, Division of International Studies, Korea University

Charles Wyplosz, author
Professor of Economics, The Graduate Institute, Geneva
Author Webpage