The life and times of regional studies / Peter Vale -- The Association of South East Asian Nations / Lee Chong Kai -- Australia and the South Pacific forum / Philip McElligott -- The European Community / Jerome Heldring -- A form of regionalism and its challenges / Philippe Moreau-Defarges --...

This paper addresses the question of macroeconomic integration in the Asian Pacific region. Economically, the analysis is based on the notions of stochastic long-run convergence and business cycle coherence. The econometric procedure consists of tests for cointegration, the examination of vector...