The Role of an Asian Currency Unit for Asian Monetary Integration

Abstract

In recent years East Asia has seen rapid advances in market-driven economic integration through cross-border trade, investment and finance. In this paper, East Asia includes the ten Association of Southeast Asian Nations (ASEAN) member countries (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam), the newly industrialized economies... [truncated by publisher].