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. The World Economy, 35 (4). pp. 405-418. ISSN 0378-5920

Full text not available from this repository.


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
Library of Congress subject classification: H Social Sciences > HG Finance
J Political Science > JZ International relations
Journal of Economic Literature Classification System: F - International Economics > F0 - General
Sets: Departments > European Institute
Collections > Economists Online
Date Deposited: 05 Oct 2012 15:10

Actions (login required)

Record administration - authorised staff only Record administration - authorised staff only