A Regional Mechanism for Joint Monitoring of Sovereign Debts:From the Perspective of East Asian Regional Integration From the Perspective of East Asian Regional Integration

出版社 ‏ : ‎ 复旦大学出版社 (2012年12月13日)

出版日期 ‏ : ‎ 2012年12月13日

品牌 ‏ : ‎ 复旦大学出版社

语言 ‏ : ‎ 英语

文件大小 ‏ : ‎ 1301 KB

East Asian sovereign debts are being managed smoothly now, in contrast to the chaos of European sovereign debt crisis. Nevertheless, they still contain some uncertainty and unpredictability if the inherent fragility of East Asian economies is put into consideration. Just as current bailout frameworks of European sovereign debt crisis demonstrate, the institutional arrangements of regional integration shall be cherished as the major structure within which any viable approaches can be implemented for tackling potential troubles of East Asian sovereign debts. Currently, the already existing frameworks of the three major tracks of East Asia regional integration, such as the AFTA, APTA, APEC, & TPP in its trade integration, the Chiang Mai Initiative & Asia Bond Market Initiative in its Monetary Integration, and the East Asia Summit in its political integration, can be operated as the basis and starting point from which more blueprints will be made and implemented so as to create a complex of institutional architecture to effectively handle any harsh issues related to East Asian sovereign debts.