Monetary and Financial Integration in East Asia

ROBERT J. BARRO Department of Economics, Harvard University, USA ELÉONORE BOISCUVIER Institut Univérsitaire de Luxembourg OLARN CHAIPRAVAT Fiscal Policy Research Institute, Thailand BARRY EICHENGREEN Department of Economics, University of California, Berkeley, USA JEFFREY A. FRANKEL Kennedy School of Government, Harvard University, USA ERIC GIRARDIN CEDERS, Universite de la Mediterranee, Aix-Marseille II, France TAKATOSHI ITO Research Center for Advanced Science & Technology University of Tokyo, Japan JONG-WHA LEE Department of Economics, Korea University, Republic of Korea RONALD MCKINNON Department of Economics, Stanford University, USA PETER MONTIEL Department of Economics, Williams College, USA EIJI OGAWA Graduate School of Commerce and Management, Hitotsubashi University, Japan YUNG-CHUL PARK Department of Economics, Korea University, Republic of Korea RAMKISHEN RAJAN Centre for International Economic Studies, University of Adelaide, Australia YURI N. SASAKI Department of Economics, Meiji Gakuin University, Japan KWANHO SHIN Department of Economics, Korea University, Republic of Korea REZA SIREGAR School of Economics, University of Adelaide, Australia ALFRED STEINHERR European Investment Bank, Luxembourg YUNJONG WANG Korea Insitute for International Policy, Republic of Korea WING THYE WOO Department of Economics, University of California, Davis, USA CHARLES WYPLOSZ Graduate Institute of International Studies and ICMB, Switzerland

VOLUME 1 Overview; P.Montiel Information Exchange, Surveillance Systems, and Regional Institutions in East Asia; E.Girardin Financial Resource Pooling and Provision, Expanded Conditionalities, and Surveillance Institutions under Pegged Exchange Rate Regimes for East Asia; O.Chaipravat Exchange Rate Regimes in East Asia; T.Ito & Y.Park VOLUME 2 PART I: EXCHANGE RATE COORDINATION Currency Unions for the World; R.J.Barro The Case for Floating in Asia; B.Eichengreen Experience of and Lessons from Exchange Rate Regimes in Emerging Economies; J.A.Frankel A Currency Union in East Asia; J.Lee , Y.Park & K.Shin Costs, Benefits, and Constraints of the Currency Basket Regime; E.Ogawa , T.Ito & Y.N.Sasaki Regional Exchange Rate Arrangements: Lessons from Europe for East Asia; C.Wyplosz PART II: RESOURCE COORDINATION Centralized Reserve Pooling for the ASEAN Plus Three (APT) Countries; R.Rajan & R.Siregar PART III: INFORMATION EXCHANGE AND SURVEILLANCE SYSTEMS Methods of Information Exchange and Surveillance for Regional Financial Cooperation; E.Girardin The European Monetary Union; E.Boiscuvier & A.Steinherr A Study of Information Exchange, Surveillance Systems and Regional Institutions in East Asia; Y.Wang & W.T.Woo