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Showing papers by "K C Patrick Low published in 2003"

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Is an Asian Monetary Union Under a Yen Bloc Still Possible

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Lee Khuay Khiang, K C Patrick Low1, K C Patrick Low2, K C Patrick Low3, Balbir B. Bhasin •
University of the South Pacific1, University of South Australia2, American University3
01 Jan 2003-Social Science Research Network
TL;DR: In this paper, the authors revisited the feasibility of a monetary union to be formed in East Asia covering ASEAN plus China, South Korea and Japan, and argued that it may not currently be possible under the Japanese hegemony.
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.

1 citations