Asian Monetary Integration [electronic resource] : Will It Ever Happen? / Tharman Shanmugaratnam.

By: Shanmugaratnam, TharmanMaterial type: TextTextSeries: Other PeriodicalsPublication details: Washington, D.C. : International Monetary Fund, 2006Description: 1 online resource (39 p.)ISBN: 1451980817 :ISSN: 0252-3108Subject(s): Intraregional Trade | Monetary Integration | Monetary Policy | Monetary Union | Trade Integration | China, People's Republic of | Japan | SingaporeAdditional physical formats: Print Version:: Asian Monetary Integration : Will It Ever Happen?Online resources: IMF e-Library | IMF Book Store Abstract: This paper examines the possibility of Asian monetary integration. The paper highlights that the objectives and motivations behind the continuing debate for Asian monetary integration have now evolved. The objectives are no longer defensive, no longer preoccupied with crisis prevention or resolution. They are now more forward looking; they are about growth, about greater trade integration, about spurring greater cross-border flows of investment within Asia, and about promoting the integration and deepening of financial markets.
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This paper examines the possibility of Asian monetary integration. The paper highlights that the objectives and motivations behind the continuing debate for Asian monetary integration have now evolved. The objectives are no longer defensive, no longer preoccupied with crisis prevention or resolution. They are now more forward looking; they are about growth, about greater trade integration, about spurring greater cross-border flows of investment within Asia, and about promoting the integration and deepening of financial markets.

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