Monetary and Financial Integration in East Asia

The Way Ahead
2003. Auflage 2003
ISBN: 978-1-4039-2086-7
Verlag: Palgrave MacMillan UK

Buch, Englisch, 458 Seiten, Format (B × H): 155 mm x 240 mm, Gewicht: 848 g

Since the 1997 Asian financial crisis, countries in East Asia have made efforts to promote regional monetary and financial cooperation to complement the evolving international financial architecture. This increased interest in regional monetary and financial cooperation has resulted in several initiatives - the ASEAN Surveillance Process, the ASEAN+3 Finance Ministers Process including its Chiang Mai Initiative of 2000, the Manila Framework Group and the Asia-Europe Finance Ministers Process to name a few. These developments in some ways represent a significant break from the past. Going forward the key challenge is how to set priorites and sequence developments so as to smooth the path to a new regional financial architecture. This two-volume set takes up the issue of developing a road map of policy options, both at the regional and country levels, for carrying forward the ongoing efforts in monetary and financial cooperation in East Asia. Building on a series of core reports and background papers by eminent economists and policymakers around the world commissioned under an ADB technical assistance project, the books explore what is feasible and desirable in regional monetary and financial cooperation and lays out a road map for putting the concept into action over the next several years. Volume 1: contains an overview by Peter Montiel, and three core studies by Olam Chaipravat, Eric Girardin, and Takatoshi Ito and Yung-Chul Park. Volume 2: contains background papers by Robert J. Barro; Eléonore Boiscuvier and Alfred Steinherr; Barry Eichengreen; Jeffrey A. Frankel; Eric Girardin; Jong-Wha Lee; Yung-Chul Park and Kwanho Shin; Ronald McKinnon; Eiji Ogawa, Takatoshi Ito, and Yuri Nagataki Sasaki; Ramkishen Rajan and Reza Siregar; Yunjong Wang and Wing Thye Woo; and Charles Wyplosz. The volumes and the study on which they were based were conceptualized, supervised, and coordinated by Pradumna B. Rana and Srinivasa Madhur.

Zielgruppe

Research

Autoren/Hrsg.

Bank, Asian Development

Inhaltsverzeichnis

VOLUME 1 Overview; P.Montiel Information Exchange, Surveillance Systems, and Regional Institutions in East Asia; E.Girardin Financial Resource Pooling and Provision, Expanded Conditionalities, and Surveillance Institutions under Pegged Exchange Rate Regimes for East Asia; O.Chaipravat Exchange Rate Regimes in East Asia; T.Ito & Y.Park VOLUME 2 PART I: EXCHANGE RATE COORDINATION Currency Unions for the World; R.J.Barro The Case for Floating in Asia; B.Eichengreen Experience of and Lessons from Exchange Rate Regimes in Emerging Economies; J.A.Frankel A Currency Union in East Asia; J.Lee, Y.Park & K.Shin Costs, Benefits, and Constraints of the Currency Basket Regime; E.Ogawa, T.Ito & Y.N.Sasaki Regional Exchange Rate Arrangements: Lessons from Europe for East Asia; C.Wyplosz PART II: RESOURCE COORDINATION Centralized Reserve Pooling for the ASEAN Plus Three (APT) Countries; R.Rajan & R.Siregar PART III: INFORMATION EXCHANGE AND SURVEILLANCE SYSTEMS Methods of Information Exchange and Surveillance for Regional Financial Cooperation; E.Girardin The European Monetary Union; E.Boiscuvier & A.Steinherr A Study of Information Exchange, Surveillance Systems and Regional Institutions in East Asia; Y.Wang & W.T.Woo

Über Autor(innen)

ROBERT J. BARRO Department of Economics, Harvard University, USA
ELÉONORE BOISCUVIER Institut Univérsitaire de Luxembourg
OLARN CHAIPRAVAT Fiscal Policy Research Institute, Thailand
BARRY EICHENGREEN Department of Economics, University of California, Berkeley, USA
JEFFREY A. FRANKEL Kennedy School of Government, Harvard University, USA
ERIC GIRARDIN CEDERS, Universite de la Mediterranee, Aix-Marseille II, France
TAKATOSHI ITO Research Center for Advanced Science & Technology
University of Tokyo, Japan
JONG-WHA LEE Department of Economics, Korea University, Republic of Korea
RONALD MCKINNON Department of Economics, Stanford University, USA
PETER MONTIEL Department of Economics, Williams College, USA
EIJI OGAWA Graduate School of Commerce and Management, Hitotsubashi University, Japan
YUNG-CHUL PARK Department of Economics, Korea University, Republic of Korea
RAMKISHEN RAJAN Centre for International Economic Studies, University of Adelaide, Australia
YURI N. SASAKI Department of Economics, Meiji Gakuin University, Japan
KWANHO SHIN Department of Economics, Korea University, Republic of Korea
REZA SIREGAR School of Economics, University of Adelaide, Australia
ALFRED STEINHERR European Investment Bank, Luxembourg
YUNJONG WANG Korea Insitute for International Policy, Republic of Korea
WING THYE WOO Department of Economics, University of California, Davis, USA
CHARLES WYPLOSZ Graduate Institute of International Studies and ICMB, Switzerland