Monetary and Financial Integration in East Asia

Yung Chul Park; Charles Wyplosz

ISBN 10: 0199587124 / ISBN 13: 9780199587124

Published by Oxford UP, 2010

About this Item

East Asia?s recent economic integration is in many ways similar to that undergone in Western Europe following the Second World War. In an invaluable guide for anyone interested in the interface between Asian and European economics and finance, the authors analyse the Asian experience from both European and Asian perspectives and explore the parallels within the regions, but also the significant differences in politics, history and economics.

Seller Inventory # 294400

Bibliographic Details

• Title: Monetary and Financial Integration in East Asia
• Publisher: Oxford UP
• Publication Date: 2010
• Language: English
• ISBN 10: 0199587124
• ISBN 13: 9780199587124
• Binding: Hardcover
• Condition: New

About this title

Synopsis

This book looks at East Asia's monetary and financial integration from both Asian and European perspectives. It analyzes the Euro area's framework for monetary policy implementation, introduced in 1999. It reviews the efforts to foster regional monetary and financial integration and relates them to Europe's own evolution. It highlights successes and failures in both cases and offers a careful assessment of the state of play. A central theme of the volume is that the East Asian reliance on markets is not enough to promote the kind of deep integration that Europe has achieved and that provides protection against exchange rate turbulence. The implications of the recent global crisis are also examined.

Written by two of the foremost monetary experts on Asia and Europe, this book will be an invaluable aid to students and academics interested in the relevance of the European experience to the debates about monetary integration in East Asia.

About the Author

Yung Chul Park's publications include Economic Liberalization in East Asia (OUP) and China, Asia, and the New World Economy, edited with Barry Eichengreen and Charles Wyplosz (OUP).

Charles Wyplosz's main research areas include financial crises, European monetary integration, fiscal policy, economic transition and regional monetary integration. He is frequent advisor to international financial organizations and to governments and the European Commission.