Covering a wide range of aspects surrounding economic integration in East Asia, this well-researched text will appeal to undergraduate and postgraduate students of development studies, regional economics and Asian studies. It will be of particular value to those on courses concerned with...

We consider what type of regional common currency should be introduced in East Asia in the future. The common currency basket is, in itself, more desirable as an anchor currency. In this paper we define two types of currency basket and investigate the long-term sustainability of adopting a...

East Asian countries, for example "ASEAN plus three countries" (China, Korea, and Japan), have been well cognizant of importance of the regional financial cooperation since the Asian currency crisis in 1997. They have established the Chiang Mai Initiative (CMI) to manage currency crises....