Asian Monetary Integration: Will It Ever Happen?
per Jacobson lecture, November 14, 2006
Source details
- Canonical URL
- Asian Monetary Integration: Will It Ever Happen?
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Bibliographic details
- Authors: Tharman Shanmugaratnam
- Published: November 14, 2006
- Series: per Jacobson lecture
- DOI: https://doi.org/10.5089/9781451980813.028
Key findings and thesis
- The paper examines the possibility of Asian monetary integration.
- The objectives and motivations behind the continuing debate for Asian monetary integration have evolved.
- The objectives are no longer defensive and no longer preoccupied with crisis prevention or resolution.
- The objectives 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.
- Presented per Jacobson lecture.
Subjects and keywords (as listed)
- Subjects: Currencies, Economic integration, Exchange rate policy, Exports, Financial integration, Financial markets, Foreign exchange, International trade, Monetary unions, Money
- Keywords: Asia, Asia and Pacific, CEIC database, Currencies, Europe, Exchange rate policy, export destination, Exports, Financial integration, fixture of the Annual Meetings, managing director of the IMF, MISC PERIOD, Misc., Monetary unions, representatives of the Association, Southeast Asia
Practical implications highlighted
- Shift policymaker focus from crisis containment toward policies that facilitate growth and trade integration.
- Emphasize measures to spur greater cross-border flows of investment within Asia.
- Prioritize reforms to promote the integration and deepening of financial markets across Asian economies.
Source: IMF publication landing page for "Asian Monetary Integration: Will It Ever Happen?" by Tharman Shanmugaratnam (November 14, 2006).