Library Header Image
LSE Research Online LSE Library Services

Lessons from the Eurocrisis for East Asian monetary relations

de Grauwe, Paul (2012) Lessons from the Eurocrisis for East Asian monetary relations. World Economy, 35 (4). pp. 405-418. ISSN 0378-5920

Full text not available from this repository.

Identification Number: 10.1111/j.1467-9701.2012.01443.x


I analyse the sources of the Eurozone crisis. The major conclusion is that the Eurozone is insufficiently embedded in a monetary union, thereby making it fragile and prone to crises. The lesson I draw for East Asia is that despite the fact that this region appears to satisfy the traditional optimal currency area (OCA) criteria to form a monetary union, the complete absence of political unification makes the prospect of a monetary union in that region of the world both unrealistic and undesirable.

Item Type: Article
Official URL:
Additional Information: © 2012 Blackwell Publishing
Divisions: European Institute
Subjects: H Social Sciences > HG Finance
J Political Science > JZ International relations
JEL classification: F - International Economics > F0 - General
Date Deposited: 05 Oct 2012 15:10
Last Modified: 11 Jun 2024 17:51

Actions (login required)

View Item View Item