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|Title:||Monetary cooperation in East Asia: A way forward|
|Authors:||Ngiam, K.J. |
|Source:||Ngiam, K.J.,Yuen, H. (2001). Monetary cooperation in East Asia: A way forward. Singapore Economic Review 46 (2) : 211-246. ScholarBank@NUS Repository. https://doi.org/10.1142/S0217590801000346|
|Abstract:||This paper provides a theoretical justification for regional credit facilities such as currency swap arrangements in East Asia to ward off currency attacks and deter would be speculators. It also presents a case for monetary integration in East Asia. However, in view of the diverse economic, social and political background among the East Asian economies, a practical approach is to start off with a few small monetary unions rather than a large monetary union in the region. Lessons are drawn from a highly successful, but little known, monetary union between Brunei and Singapore.|
|Source Title:||Singapore Economic Review|
|Appears in Collections:||Staff Publications|
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