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2018 | OriginalPaper | Chapter

6. East Asian Monetary Regimes and Comparison with the European Case: A Stock-Flow Consistent Approach

Authors : Jacques Mazier, Myoung-keun On, Sebastian Valdecantos

Published in: Evolving Diversity and Interdependence of Capitalisms

Publisher: Springer Japan

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Abstract

The Asian crisis of 1997 has shown the limits of a simple dollar peg policy and of a market-driven regional integration without formal institutions. During the 2000s a lot of efforts have been devoted to improve monetary and financial cooperation at the regional level, especially with the Chiang Mai and the Asian Bond Market initiatives. But results have been limited, mainly due to political issues associated to the competition between China and Japan. The financial crisis of 2008 has given new interest to the question of monetary cooperation at the regional level.

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previous chapter The Evolving Diversity and Interdependence of Growth Regimes and De-industrialization in European Countries and Japan
next chapter Can We Explain German and French Trajectories in the 2000s by Their Institutional Setting During Fordism?
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Metadata
Title
East Asian Monetary Regimes and Comparison with the European Case: A Stock-Flow Consistent Approach
Authors
Jacques Mazier
Myoung-keun On
Sebastian Valdecantos
Copyright Year
2018
Publisher
Springer Japan
Book
Evolving Diversity and Interdependence of Capitalisms

Print ISBN: 978-4-431-55000-6

Electronic ISBN: 978-4-431-55001-3

Copyright Year: 2018

DOI
https://doi.org/10.1007/978-4-431-55001-3_6