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Strengthening regional financial cooperation in East Asia

Kuroda, Haruhiko; Kawai, Masahiro


The 1997–98 financial crisis prompted East Asian economies to realise the potential benefits of installing stronger cooperative mechanisms for crisis prevention, management and resolution. This paper argues that a regional financial architecture needs to be firmly established in East Asia, outlines recent developments in financial cooperation in the region, and provides possible directions for the future. We recommend a more effective surveillance process and consider the option of creating a...[Show more]

CollectionsANU Research Publications
Date published: 2002
Type: Working/Technical Paper


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