This paper demonstrates that the East Asian economies have achieved strong economic
interdependence, particularly through external liberalization, domestic structural reforms and …

Since the Asian Financial Crisis of 1997–98, East Asian economies have sought to make
themselves less vulnerable to global financial markets by transforming the regional financial …

This article analyzes the current implications and likely future course of Chiang Mai Initiative
Multilateralization (CMIM), which some observers have argued is a major step toward the …

This chapter examines the extent to which the East Asian economies are integrated through
trade, FDI and finance and are interdependent in macroeconomic co-movements. It next …

The global financial crisis of 2008–09 presented a critical challenge to East Asian regional
financial cooperation. Over a decade of efforts to reduce regional vulnerability to financial …

East Asian financial regionalism was born in response to the Asian Financial Crisis of 1997–
1998. The centrepiece of financial regionalism was the Chiang Mai Initiative (CMI), an …

Pegging in a coordinated way to a regional basket currency is considered by many as
optimal for east-Asian countries. By contrast, according to existing empirical studies, these …

Most critics argue that ASEAN (Association of Southeast Asian Nations) Plus Three regional
surveillance is limited by its peer review process because governments reject external …

This paper evaluates the extent of exchange rate coordination among Asian economies
using a hypothetical Asian Currency Unit. Rising interdependence among Asian economies …

The Global Financial Crisis (GFC) of 2008–10 was an enormously important event for the
world economy. It led to serious slowdowns and massive loss of wealth around the world …