Increasing trade interdependence among East-Asian countries suggests the urge to design some monetary arrangement to stabilize the macroeconomic framework of an extremely heterogeneously growing area. The paper reviews the literature and analyses several directions of East-Asian integration...

­The literature devoted to economic development concerns itself in a growing de­gree with the role and importance of institutions­­­

A number of macroeconomic troubles led the Hungarian Government to the introduction of an adjustment program in July 2006.