The Uncertain Prospect of Asian Monetary Integration

Jerry Mushin

Abstract

Neither the desirability nor the likelihood of the development of an Asian currency area is as great as Mundell implies in his article in the Journal of Asian Economics, 2003. He over-estimates the similarities with the euro zone.

JEL classification: F33
Keywords: Fixed exchange rates, Floating exchange rates

School of Economics and Finance, Victoria University of Wellington, P.O. Box 600, Wellington, New Zealand, Tel: +64 4472 5884, Fax: +64 4463 5146, E-mail: jerry.mushin@vuw.ac.nz

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