Financial, monetary and economic cooperation in East Asia where we are, where we want to be, and how we get there from here.

Abstract

The idea of developing and strengthening regional institutions to support financial and economic integration has taken hold in East Asia. This is a largely positive shift. The issue is where it will lead to and how it will be achieved. This paper focuses on the financial and monetary dimensions of regional development. It first sets out some background and context to the rise in financial regionalism. It describes some basic policy aims from this process, looks at the current state of play, and outlines three steps forward in achieving these aims. The final section briefly summarises the paper. Show more