Monetary Regionalism in Asia Revisited
Published By: eSS, Mumbai, India | Published Date: October, 30 , 2006Given the divergence in economic and institutional structures in the region, any attempt to create a common currency absent macroeconomic policy coordination and mechanism for automatic intra-regional fiscal transfers is far too risky and premature and will in all likelihood be a failure, setting back prospects for other forms of economic integration.
[eSS Editorial/International Finance]
Author(s): Ramkishen S. Rajan | Posted on: Oct 30, 2006 | Views(2883) | Download (369)