Framework for Coordination of Monetary and Financial Policy in the EU and Conditions in the ASEAN+3 Thereto

Anna Kiseleva
2012 American Journal of Economics  
The legal implementation of cooperation and integration processes in the EU and the ACEAN+3 primarily had some fundamental differences. Consequently, integration processes in the two regions had been different ab initio. Foreign trade preconditions for monetary and financial cooperation between countries are considered in this paper. The ASEAN+3 countries left behind the EU under the bilateral trade intensity ratio. The low CITR can be consider as an alarm for the enlargement of the eurozone,
more » ... of the eurozone, as the important prerequisites for the OCA look questionable. The main factors which affect increment of considered export variables for the ASEAN+3 are merchandise exports and food industry of new core countries.
doi:10.5923/j.economics.20120001.29 fatcat:hc5hybaofjgobj5y2izcyr7tli