|
|
|
|
||||
|
||||
Lessons from the Eurocrisis for East Asian Monetary RelationsPaul De GrauweLondon 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 SeriesDate posted: April 19, 2012Suggested CitationContact Information
|
|
||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo4 in 0.953 seconds
Add to Cart
