In the wake of the East Asian currency crisis and the weakening of the yen it has become apparent that East Asia and Oceania need a zone of monetary stability - an Asian zone of monetary stability - to protect their currencies from the influence of movements of the United States dollar. Up until 1997, the concept of the 'Asian zone' may have been shelved as a utopian ideal. The change in the international environment no longer permits such an attitude, and demands a reversal of ways of thinking and acting. An Asian zone of monetary stability, with the yen as an anchor currency, will contribute to sustained economic growth and political stability within the region and the stabilisation of the whole international monetary system. A Zone of Asian Monetary Stability provides a commentary on the political, economic, and monetary history of European integration and offers valuable guideposts for the course of Asia's monetary future.

215 x 150mm.

(For this item please quote stock ID 18375)

Related Subject Areas:

Economics