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    Regional Currency or Regional Trade Policy? An East Asian Perspective of 21st Century Growth

    Access Status
    Fulltext not available
    Authors
    Salim, Ruhul
    Kabir, S.
    Date
    2019
    Type
    Conference Paper
    
    Metadata
    Show full item record
    Citation
    Salim, R. and Kabir, S. 2019. Regional Currency or Regional Trade Policy? An East Asian Perspective of 21st Century Growth. In: 3rd International Conference on Economics and Development (ICED), 13th Jun 2019, Kuala Lumpur. The International Institute of Knowledge Management (TIIKM).
    Source Conference
    3rd International Conference on Economics and Development
    DOI
    10.17501/25368338.2019.3101
    Additional URLs
    https://economicconference.co/publications-2019/
    ISSN
    2536-8338
    Faculty
    Faculty of Business and Law
    School
    School of Economics, Finance and Property
    URI
    http://hdl.handle.net/20.500.11937/76687
    Collection
    • Curtin Research Publications
    Abstract

    Being inspired by initial Euro-success, renowned economist Robert Mundell was overoptimistic about adoption of a large currency area in Asia; however, empirical literature on East Asian regional currency is yet inconclusive. Advocates of the optimum currency area (OCA) theory identifies trade enhancement as a major benefit of regional currency adoption. East Asia, however, enjoys high trade enhancement for decades through their ongoing regional integration process in spite of long-practiced controversial individual currency arrangements. As such, a well-managed regional trade policy seems more appropriate for East Asian trade and economic growth. Existing literature consistently ignores the importance of East Asian regional ‘trade policy’ integration and limit the focus to regional ‘trade’ integration motivated by the OCA literature.

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