Regional Monetary Cooperation in East Asia

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Other Title
  • 東アジアにおける地域通貨協力
  • ヒガシアジア ニ オケル チイキ ツウカ キョウリョク

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Abstract

This paper focuses on the regional monetary cooperation in East Asia for both management and prevention of currency crisis to investigate how the regional monetary cooperation has been developing since the Asian Currency Crisis in 1997 and what kind of problems are left for East Asian countries. It is pointed out that the Chiang Mai Initiative has not yet enough effective functions of the surveillance process for currency crisis prevention. Surveillance over exchange rates is necessary in order that the Chiang Mai Initiative should be more effective for currency crisis prevention. A regional currency unit is explained for the effective surveillance.

Journal

  • KOKUSAI KEIZAI

    KOKUSAI KEIZAI 2008 (59), 33-56, 2008

    The Japan Society of International Economics

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