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Creation and evolution of European economic and monetary union : lessons for Asian economic integration
Subramanian, Muthurangam; Taghizadeh-Hesary, Farhad; … - 2020
of history confirm the stability of the euro as a single currency in the region and it is seen as a great achievement of …
Persistent link: https://www.econbiz.de/10012212663
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Enhancing the effectiveness of CMIM and AMRO : selected immediate challenges and tasks
Siregar, Reza Yamora; Chabchitrchaidol, Akkharaphol - 2013
The Chiang Mai Initiative Multilateralisation (CMIM) and the ASEAN+3 Macroeconomic Research Office (AMRO), established in March 2010 and May 2011, respectively, have made substantial headway. But despite the rapid progress, a series of fundamental questions have been raised, particularly about...
Persistent link: https://www.econbiz.de/10009690841
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EU-Asia free trade areas? : economic and policy considerations
Plummer, Michael G. - 2010
In this paper, we analyzed key aspects of the changing economic relationship between the European Union (EU) and Asia, and explored the potential economic ramifications of deeper EU-Asian economic cooperation. We also investigated the possible costs to the EU of remaining "disengaged" from the...
Persistent link: https://www.econbiz.de/10008907310
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The impact of free trade agreements on business activity : a survey of firms in the People's Republic of China
Zhang, Yunling - 2010
The People's Republic of China (PRC) has emerged as a major player in the global economy and considers free trade agreements (FTAs) an important part of its global trading strategy. The PRC’s export industries are embedded in existing regional and global production networks and are reliant on...
Persistent link: https://www.econbiz.de/10008732272
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Accelerating regional integration : issues at the border
Brooks, Douglas Howard; Stone, Susan F. - 2010
The sharp decline in trade volume and value during the current economic crisis has contributed to lower transportation costs and reduced waiting times at border crossings, reducing the urgency of progress on trade facilitation. Meanwhile, greater trade is expected to play a key role in recovery,...
Persistent link: https://www.econbiz.de/10003982944
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Intra-regional trade in East Asia : the decoupling fallacy, crisis, and policy challenges
Athukorala, Premachandra; Kohpaiboon, Archanun - 2009
This paper examines the export experience of East Asian economies in the aftermaths of the crisis against the backdrop of a systematic analysis of precrisis trade patterns. The analysis is motivated by the "decoupling" thesis, which was a popular theme in Asian policy circles in the lead-up to...
Persistent link: https://www.econbiz.de/10003927976
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FTAs and Philippine business : evidence from transport, food, and electronics firms
Wignaraja, Ganeshan; Lazaro, Dorothea; DeGuzman, Genevieve - 2010
Within East Asia, the outward-oriented Philippine economy is a latecomer to using free trade agreements (FTAs) as a trade policy instrument and has relied heavily on the Association of Southeast Asian Nations (ASEAN) for regional liberalization. While negotiating FTAs has consumed scarce time...
Persistent link: https://www.econbiz.de/10003928085
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Does infrastructure facilitate trade connectivity? : evidence from ASEAN
Vidya, C. T.; Taghizadeh-Hesary, Farhad - 2020
Infrastructural development is crucial for regional trade integration. This study investigates the extent of regional trade interdependence of the Association of Southeast Asian Nations (ASEAN) and its nexus with infrastructure. We selected 13 countries-ASEAN and three other countries (India,...
Persistent link: https://www.econbiz.de/10012289895
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Lessons of the European crisis for regional monetary and financial integration in East Asia
Volz, Ulrich - 2012
The debt crisis in several member states of the euro area has raised doubts on the viability of European Economic and … Monetary Union (EMU) and the future of the euro. While the launch of the euro in 1999 stirred a lot of interest in regional … had the opposite effect, even raising expectations of a breakup of the euro area. Indeed, the crisis has highlighted the …
Persistent link: https://www.econbiz.de/10009492387
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From the Chiang Mai Initiative to an Asian Monetary Fund
Kawai, Masahiro - 2015
Following the 1997-1998 Asian financial crisis, financial authorities in ASEAN+3 embarked on several new initiatives for East Asia's financial cooperation, including: (i) regional economic surveillance led by the Economic Review and Policy Dialogue (ERPD); (ii) a regional liquidity support...
Persistent link: https://www.econbiz.de/10010526534