Table of Contents

Contents: Preface 1. Introduction 2. Silver and the Origin of Asian Currencies 3. Destined to Fail? The History of the Yen Bloc Before the Second World War 4. Globalization and Regionalization of East Asian Economies 5. Conditions for Monetary Integration in East Asia 6. Need for Regional Monetary and Financial Arrangements in East Asia 7. The Beginning of Monetary Cooperation in East Asia and the Chiang Mai Initiative 8. Financial Market Integration and Asian Bond Market Initiatives 9. Exchange Rate Coordination and Regional Currency Unit 10. The Road Towards Monetary Union 11. Hurdles and Challenges Bibliography Index

About the Author

Woosik Moon, Member, Monetary Policy Committee, Bank of Korea and Yeongseop Rhee, Professor, Seoul National University, South Korea