Abstract

http://ssrn.com/abstract=2042447
 
 

References (7)



 
 

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Lessons from the Eurocrisis for East Asian Monetary Relations


Paul De Grauwe


London School of Economics & Political Science (LSE); CESifo (Center for Economic Studies and Ifo Institute for Economic Research); Centre for Economic Policy Research (CEPR)

April 2012

The World Economy, Vol. 35, Issue 4, pp. 405-418, 2012

Abstract:     
I analyse the sources of the Eurozone crisis. The major conclusion is that the Eurozone is insufficiently embedded in a monetary union, thereby making it fragile and prone to crises. The lesson I draw for East Asia is that despite the fact that this region appears to satisfy the traditional optimal currency area (OCA) criteria to form a monetary union, the complete absence of political unification makes the prospect of a monetary union in that region of the world both unrealistic and undesirable.

Number of Pages in PDF File: 14

Accepted Paper Series


Date posted: April 19, 2012  

Suggested Citation

De Grauwe, Paul, Lessons from the Eurocrisis for East Asian Monetary Relations (April 2012). The World Economy, Vol. 35, Issue 4, pp. 405-418, 2012. Available at SSRN: http://ssrn.com/abstract=2042447 or http://dx.doi.org/10.1111/j.1467-9701.2012.01443.x

Contact Information

Paul De Grauwe (Contact Author)
London School of Economics & Political Science (LSE) ( email )
Houghton Street
London, WC2A 2AE
United Kingdom
CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
Poschinger Str. 5
Munich, DE-81679
Germany
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
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References:  7
Footnotes:  4

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