regionalist projects in Asia throughout the 1990s. As they demonstrate, Asian countries, especially Japan, have held a strong … desire to establish an Asia-only regional cooperation framework at least since the early 1990s. The basic policy stance of …

is a growing consensus that Asia's reserves now substantially exceed the levels required for precautionary purposes or … reserves in developing Asia have in fact reached excessive levels. Informal tests of reserve adequacy based on widely used … confirm the popular belief that developing Asia now has excessive foreign exchange reserves. Therefore, the short-run policy …

"This paper surveys the growing literature on monetary cooperation in East Asia that goes beyond the Chiang Mai … also reviews the evidence on the readiness of East Asia and some of its proper subsets for a currency union in the light of …

Rising economic integration in Asia and periodic volatility in global and national financial markets raise the issue of … costs of monetary cooperation, however, less can be found with a specific focus on Asia. A number of studies have explored … whether Asia might form an optimal currency area, although these have focused on the nature of shocks, in particular business …