This paper develops a multilateral currency system where national currencies are used for trade settlement in East Asia …, comprising the Association of Southeast Asian Nations (ASEAN) member countries, the People's Republic of China, Japan, and the … spillovers from outside, and deepen trade and financial integration in the region. The patterns and structure of trade and …

East Asia has been slow. Meanwhile, proliferation of FTAs and China's successful accession to the WTO have enabled faster … progress on trade integration among the East Asian economies. Building on the expanding intra- regional trade, we suggest … creation of a multilateral currency arrangement where some of the national currencies could be used for trade settlement within …

both intraregionally and interregionally. Second, with the People's Republic of China (PRC) playing a central role in the … regional production and trade network, its ongoing structural changes will likely influence Asia's economic integration both … within and beyond the region through evolving trade and investment links. Finally, the paper employs a vector autoregression …

measures, e.g. production, trade, investment and finance. It has also become increasingly integrated in various ways …. Integration at the micro-level has steadily progressed since the 1960s, as indicated by rising intraregional trade. Moreover, East … transnational business and other technical systems where production, trade, and investment have become a function of each other …

With the rise of the People's Republic of China (PRC) as the world's largest trading nation (measured by trade value …

importance of a three-pronged integration strategy covering trade, money, and development policies, and of East Asia …-wide regional institutions which, incorporating both developed and developing Asian countries, help promote more free trade …

importance of a three-pronged integration strategy covering trade, money, and development policies, and of East Asia …-wide regional institutions which, incorporating both developed and developing Asian countries, help promote more free trade …

inter-regional trade, cross-border financial assets, correlation of stock returns, and interest rate differentials. In …