Prospects for monetary cooperation and integration in East Asia / Ulrich Volz.

Includes bibliographical references and index.

Introduction -- The forces behind monetary cooperation and integration -- The instability of the international monetary system and the regionalization of money -- The Asian financial crisis -- The rise of China -- Costs and benefits of monetary integration -- The standard approach : the theory of optimum currency areas -- A reconsideration of costs and benefits -- Strategies for monetary integration in East Asia -- Current monetary arrangements in East Asia -- Exchange rate options for East Asia -- Inflation targeting across the region -- A regional exchange rate system for East Asia? : lessons of the European monetary system -- Basket strategies for East Asia -- Reflections on monetary integration in East Asia : past, present, and future.

Print version record.

In this book, Ulrich Volz investigates the prospects for monetary cooperation and integration in East Asia, using state-of-the-art theoretical and empirical tools to analyze the most promising policy options.

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