The Economic Integration of Greater China: Real and Financial Linkages and the Prospects for Currency Union by Yin-Wong Cheung, Menzie D. Chinn, and Eiji Fujii

2008 ◽  
Vol 48 (4) ◽  
pp. 842-843 ◽  
1993 ◽  
Vol 136 ◽  
pp. 711-745 ◽  
Author(s):  
Robert F. Ash ◽  
Y. Y. Kueh

Economic integration is essentially a process of unification – the means whereby coherence is imposed upon previously separate, even disparate, geographical regions. It may be pursued as a domestic or international goal, although the simultaneous attainment of both may prove elusive. Recent efforts towards the creation of formal trans-national, regional economic identities, whether North American (NAFTA), European (EC) or Asian-Pacific (APEC), have sometimes been perceived as a threat to the establishment of a truly integrated global economy. By contrast, the remarkable degree of economic integration already achieved between southern China and Hong Kong (and, latterly, Taiwan) might ironically have a fissiparous effect on China's domestic economy. From this point of view, there is a danger that increasing economic integration within Greater China could threaten China's national economic identity, or at least compel its re-definition.


2008 ◽  
Vol 78 (2-3) ◽  
pp. 319-327 ◽  
Author(s):  
Zhaoyong Zhang ◽  
Kiyotaka Sato ◽  
Michael McAleer
Keyword(s):  

2021 ◽  
Vol 37 (1) ◽  
pp. 140-165
Author(s):  
Mariam Voskanyan ◽  
◽  
Ani Galstyan ◽  

This article explores currency regulation in the EAEU countries for the harmonization of currency policies in the context of economic integration. The object of the study is currency regulation in countries of Eurasian integration. The main hypothesis is that EAEU member countries are not ready for currency integration, due to the presence of many macroeconomic distortions in their economies. The authors assess the possibility of creating a monetary union by analyzing and evaluating key criteria for currency integration as known in the scholarly literature. For this goal, the authors conducted a literature review of the key prerequisites for currency integration, including the experience in the countries of the Eurozone. Then the authors analyze currency regulation in EAEU countries for meeting key criteria for currency integration. At this stage, the authors evaluate key factors of currency integration by EAEU member countries. The theoretical and methodological basis of the study was classic and modern approaches in the field of monetary and currency regulation—in particular, the research of modern analysts of the International Monetary Fund, the largest Central Banks of the world, and well-known experts of the field. The research results showed the inexpediency of creating a currency union within the Euroasian economic space at this stage.


2005 ◽  
Vol 182 ◽  
pp. 429-431
Author(s):  
Y. Y. Kueh

This is a highly readable book about the emerging economic complex of “Greater China.” The author, based at the Chinese University of Hong Kong, is the foremost authority on the subject matter. The book, which culminates from well over a decade of painstaking research and publication, traces the process and pattern of economic integration among the Chinese trio – the Chinese mainland, Hong Kong and Taiwan – over the past two decades or so. The analysis is set against the broader background of Chinese economic reforms and opening to the West, as well as the changing political context in East Asia that has facilitated increased economic interaction in the region.The book starts with a broad description of the economic structure and relative economic strengths of the Chinese trio, and furnishes a useful conceptual framework for understanding the evolving economic relationships. Chapter two shows how FDI (foreign direct investment) from Hong Kong and Taiwan has triggered an accelerated process of integration with the mainland, and as a result led to the drastic expansion of China's external trade. Chapter three examines the particular characteristics of economic integration between Hong Kong and the mainland on the one hand, and between the two sides of the Taiwan Strait on the other hand. It reveals how cultural (affinity) and geographical (proximity) factors have played a role, and what policy readjustments have been made in the three constituent parts of the “China circle” to bring about a “new brand of ‘new-style’ economic integration,” which is unique in the global context of trade and investment liberalization.


2007 ◽  
Vol 19 (3) ◽  
pp. 355-370 ◽  
Author(s):  
Zhaoyong Zhang ◽  
Kiyotaka Sato
Keyword(s):  

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