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Detail
ArtikelLessons From The Euro Zone for The East Asian Economies  
Oleh: Letiche, John M.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Asian Economics vol. 11 no. 3 (2000), page 275-300.
Topik: EURO; euro zone; economies
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: JJ50.5
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
    Lihat Detail Induk
Isi artikelThis paper endeavors to contribute to the solution of the following critical issues : (1) what the East Asian nations can do in cooperation among themselves and with China, Japan, and South Korea in their foreign trade arrangements to improve the stability and growth of their economies ; (2) what they must do individually to get their financial and real economies better integrated ; (3) what they can do in cooperation with China, Japan and South Korea - bilaterally and regionally - to modernize their monetary systems and to render them more resilient to financial crises; and (4) what new focus of the IMF is most likely to enable the East Asian nations to maintain relatively free and open economies without the impact of catastrophic financial crises. Lessons from the development of the European Union, the dynamics of the euro zone, the experience of the Bank for International Settlements, and recent research on monetary and international macro economic theory are drawn upon to provide answers to these questions. It is argued that an area - wide approach, with a new IMF regional role and the formation of an East Asian Monetary Authority, would contribute to a sense of "community” within East Asia, leading to an enhanced role for both East Asia and ASEAN + 3 in the new world economic order.
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