Practicability of monetary integration in East Asia by optimum currency area theory
Abstract
Monetary integration process in East Asia represents concerns of countries of the region with the issue of popularization of national currencies and is the result of Asian countries strengthened positions on the world arena. The article deals with the practicability of monetary integration and forming currency area in East Asia by accessing its compliance with optimum currency area criteria and the Maastricht convergence criteria. It is concluded that despite the whole region is not an optimum currency area, there is a group of countries that are highly converged and can become the core of regional monetary integration in the future.
About the Author
I. I. Trifonov
Baikal National University of Economics and Law, Irkutsk
Russian Federation
Russian Federation
References
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Review
For citations:
Trifonov I.I. Practicability of monetary integration in East Asia by optimum currency area theory. World of Economics and Management. 2015;15(1):52–59. (In Russ.)
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