A Roadmap for East Asian Monetary Integration: The Necessary First Step

Kyung Tae Lee, Deok Ryong Yoon
JEL codes: 
KIEP Working Paper 07-04

The paper deals with the questions of why Asian monetary and financial cooperation has not proceeded rapidly even though the countries have discussed this issue for so long and how to overcome this problem. The authors identify the lack of a common vision and a roadmap for monetary integration as the most significant impediments.