Is an Asian Monetary Union Under a Yen Bloc Still Possible?

Management Development Journal of Singapore, Vol. 11, No. 1, pp. 31-49, 2003

30 Pages Posted: 20 May 2008 Last revised: 27 Apr 2010

See all articles by Lee Khuay Khiang

Lee Khuay Khiang

Plural Capital Management

K C P Low

Kazakh Leading Academy of Architecture and Civil Engineering/ Kazakh American University (International Educational Corporation); University of the South Pacific; University of South Australia

Balbir B. Bhasin

affiliation not provided to SSRN

Date Written: 2003

Abstract

The East Asian financial crisis raised the necessity of a monetary union in the region. This paper looks into the anatomy of the financial crisis and revisits the feasibility of a monetary union to be formed in East Asia covering ASEAN plus China, South Korea and Japan. Several arguments and reasons have been offered that indicate the feasibility of formulating a monetary union under the Japanese hegemony, but may not currently be possible. Yet other areas being looked into include the aspect of the optimum currency area theory and barriers to postulate whether it is possible for monetary union to be ultimately formed.

Keywords: Asian Monetary Union, Yen Bloc, Asian financial crisis, optimum currency area

Suggested Citation

Khiang, Lee Khuay and Low, Kim Cheng Patrick and Bhasin, Balbir B., Is an Asian Monetary Union Under a Yen Bloc Still Possible? (2003). Management Development Journal of Singapore, Vol. 11, No. 1, pp. 31-49, 2003, Available at SSRN: https://ssrn.com/abstract=1135137

Lee Khuay Khiang (Contact Author)

Plural Capital Management ( email )

Singapore

Kim Cheng Patrick Low

Kazakh Leading Academy of Architecture and Civil Engineering/ Kazakh American University (International Educational Corporation) ( email )

28, Ryskulbekov street
Almaty
Kazakhstan

University of the South Pacific ( email )

Laucala Campus
Suva
Fiji

University of South Australia

37-44 North Terrace, City West Campus
Adelaide, South Australia 5001
Australia

Balbir B. Bhasin

affiliation not provided to SSRN

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