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A monetary Union in East Asia?

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  1. The need for monetary and financial cooperation
    1. What integration for what region?
    2. Structural and institutional difficulties of integration
  2. Evolving financial and monetary architecture in East Asia
    1. History of Asian monetary cooperation
    2. Current areas of efforts
    3. Emergence of an integrative scheme? The Chiang Mai Initiative
  3. Beyond the Chiang Mai initiative: prospects for the future
    1. A yen Bloc in Asia?
    2. The Asian Monetary fund: Asian versus international?

We will first try to understand the reasons why Asia needs monetary cooperation and the problems it will encounter. Then we will take a look at the current areas of discussions and the various schemes of cooperation. Finally we will analyze the alternatives available that might emerge in the future.

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