As part of an initiative to move towards greater financial stability in the Asian region, a Regional Monetary Unit is being proposed for the ASEAN+3 nations. These include China, Indonesia, Japan, South Korea, Malaysia, Philippines, Singapore and Thailand. Other countries can be added in the future. Professors Hwee Kwan Chow, Peter N. Kriz, Roberto S. Mariano and Augustine H. H. Tan, from the School of Economics at Singapore Management University, offer their views on the need for a RMU, what its benefits are and how it would work.
Accounting | Business | Finance and Financial Management
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Finance and Accounting
Exploring Steps to Create a Regional Monetary Unit for ASEAN+3. (2007). Knowledge@SMU.
Available at: http://ink.library.smu.edu.sg/ksmu/48