Could a Common Currency Have Prevented the Asian Crisis?
Recently currency instability and its economic and social consequences prompt the question whether and to what extent a common currency could have served to prevent or meliorate the Asian crisis. This paper examines the advantages and costs of such a proposal, using the experience and institutions of European monetary union as a starting point. It concludes that while the technical economic obstacles are not insurmountable, the political and social factors presupposed in a union are more important in explaining the region?s lukewarm reception of the proposal.
Year of publication: |
1999-01
|
---|---|
Authors: | Mapalad, Ma. Claret ; de Dios, Emmanuel S. |
Institutions: | School of Economics, University of the Philippines at Diliman |
Saved in:
Saved in favorites
Similar items by person
-
Institutional Constraints on Philippine Growth
de Dios, Emmanuel S., (2008)
-
Skills, migration, and industrial structure in a dual economy
de Dios, Emmanuel S., (2013)
-
Just how good is unemployment as a measure of welfare? A policy note
de Dios, Emmanuel S., (2014)
- More ...