Affiliation:
1. Department of Finance and Accounting, NUS Business School, National University of Singapore, Singapore
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.
Publisher
World Scientific Pub Co Pte Lt
Subject
Economics and Econometrics
Cited by
7 articles.
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