Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92674
Authors: 
Shin, Kwanho
Wang, Yunjong
Year of Publication: 
2003
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 572
Abstract: 
Regionalism is taking two forms. It is occurring firstly through free trade arrangements and secondly through monetary arrangements. In this paper, we highlight the issues related to the reversal of sequence between trade integration (free trade agreement) and monetary integration (a monetary union). While the Euro area pursued trade integration first, from a theoretical point of view, there is no clear reason for introducing trade integration ahead of monetary integration. On the contrary we point out many good reasons for forming a monetary union before a free trade agreement.
Subjects: 
monetary union
monetary integration
free trade agreement
JEL: 
E32
F36
F41
Document Type: 
Working Paper

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