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Yen Bloc: Toward Economic Integration in Asia. By C. H. Kwan. [Washington, DC: Brookings Institution Press, 2001. xviii+224 pp. £16.95, $22.95. ISBN 0-8157-0083-0.]
Published online by Cambridge University Press: 09 January 2003
Extract
Asian economies have long pegged their exchange rates to the US dollar and used the dollar in international transactions. The increasing importance of intra- and extra-regional trade, together with the latest financial crisis and the adoption of a single currency in Europe, raises the question of forming an international monetary union in Asia.
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