investigations suggest that (i) using the quantity measure there is a significant increase in real integration within East Asia; (ii … cross-country consumption relation did not change much; (iv) the degree of regional financial integration within Asia is far … lags real integration, especially for regional integration within Asia. …

Bilateral and regional cooperation initiatives in Asia have been growing in importance over the last five years … sequence, is there a case for monetary union in East Asia? Is there a case for expanded free-trade areas (FTAs) in the region … Equilibrium (CGE) model, to evaluate the economics of monetary/financial integration and various configurations of FTAs in Asia …