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 …

This paper asks how Asia should prepare for the disorderly correction of global imbalances. It recommends tightening … easily if they are coordinated within Asia. …

, estimated to be at least $119 billion to $183 billion for countries in the Asia-Pacific region, per year. Notably, this is …