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Nach den Finanzkrisen der 1990er Jahre haben sich in Asien und Lateinamerika Formen eines monetären Regionalismus (mR) herausgebildet, die das gemeinsame Ziel verfolgen, die eigene Region vor zukünftigen Finanzkrisen zu schützen. Dabei fallen wesentliche Unterschiede im Vorankommen der beiden...
Persistent link: https://www.econbiz.de/10003982942
, euro, and Asian Currency Unit. East Asia’s economic architecture will be shaped around ASEAN+3 and EAS (or ASEAN+6), with …
Persistent link: https://www.econbiz.de/10003588997
This paper takes stock of the achievements toward integration in the West African Economic and Monetary Union (WAEMU) 10 years after the 1994 devaluation of the CFA franc. It investigates the lessons learned and evaluates progress toward economic convergence, examines the evolution of trade and...
Persistent link: https://www.econbiz.de/10012780766
ASEAN has been deepening intra-regional integration at the same time that it has been forming various cooperative arrangements with its partners, and its Member Countries have been pursuing individual trade accords. Which would be the optimal configuration for ASEAN? In this paper, we evaluate...
Persistent link: https://www.econbiz.de/10014217034
We investigate how the exchange rate regime influences economic linkages across countries. We divide the exchange rate regime into three classifications: currency union, peg and floating exchange rates. Unlike most studies solely focusing on the relationship between anchor and client countries,...
Persistent link: https://www.econbiz.de/10014069483
This paper addresses two central questions for Asia and the world: (1) What is the purpose of Asian regional policy coordination going forward? (2) Will Asian regional policy coordination substitute or complement global policy coordination? The paper examines the potential coverage and content...
Persistent link: https://www.econbiz.de/10013117793
This paper tests for the hypothesis that institutional integration interacts with economic integration at the regional level. In particular, we ask what lessons can be drawn from the European experience with regional integration for Latin America. Several indicators of institutional and economic...
Persistent link: https://www.econbiz.de/10013320190
Persistent link: https://www.econbiz.de/10012159350
This paper studies the process of business cycle synchronization in the European Union and the euro area. As our … in the core and peripheral members of the euro area. Our analysis of quarterly data covering the first two decades of the … euro area shows that there was a certain synchronization tendency in the first years of the common currency. However, the …
Persistent link: https://www.econbiz.de/10012626655
Persistent link: https://www.econbiz.de/10011490601