An ‘Asian Currency Unit’
Edgardo B. Espiritu, The Manila Times, April 26, 2006

Asian Currency Unit Minus Indian Rupee?
Nagesh Kumar, April 25, 2006

Arc of disadvantage
N Chandra Mohan, April 18, 2006

Asian Consumers are on the Rise
Philip Lagerkranser and Rich Miller, International Herald Tribune, April 11, 2006

Watch, you're stepping into a noodle bowl
TK Bhaumik, The Financial Express, April 3, 2006

 

 

 

 















An ‘Asian Currency Unit’?
The Manila Times, April 26, 2006
Edgardo B. Espiritu

THERE has been talk recently about a proposed index of regional currencies, which is now being referred to as the “ACU” after the “ECU”, the precursor of the euro.

This development again brings to the limelight the idea of introducing a single Asian currency. Although a regional currency index is a long way off from a single regional currency, it can as easily raise a number of contentious issues.

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http://www.manilatimes.net/national/2006/apr/26/yehey/opinion/20060426opi4.html


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Asian Currency Unit Minus Indian Rupee?
Financial Express, April 25, 2006
Nagesh Kumar

Even though Asia has been slow to respond to the global trend in regional trade blocs in different parts of the world, from the EU to NAFTA to Mercosur, functional cooperation in Asia has progressed quite well over the past decade. Intra-regional trade has grown to account for more than half of Asian countries’ total trade. India is a part of that trend, with East Asia emerging as its largest trading partner, accounting for more than 40% of the country’s trade. Even among individual countries, China has emerged as India’s second largest trade partner and may shortly become the largest, overtaking the US.

Against this backdrop, it is important to take some steps in monetary and financial cooperation to facilitate intra-regional trade and investment. In the area of monetary cooperation, the creation of a regional unit of account or an Asian Currency Unit (ACU), a la the European Currency Unit (ECU) preceding the launch of the euro, could be an important initiative.

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http://www.financialexpress.com/fe_full_story.php?content_id=124819


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Arc of disadvantege
Tuesday, April 18, 2006 00:28 IST
N Chandra Mohan

As a vision statement, Prime Minister Manmohan Singh’s idea of a pan-Asian community encompassing the Association of South-East Asian Nations (ASEAN), China, Japan, Korea and India rivalling the European Union in terms of income and the North American Free Trade Area in trade is, no doubt, bold and ambitious. But the necessary building blocks—in terms of India’s bilateral and regional free trade agreements with individual Asian countries—to realise this “arc of advantage” are of varying size and shape that might well become stumbling blocks to this process of integration.

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http://www.dnaindia.com/report.asp?NewsID=1024694&catid=19


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Asian Consumers are on the Rise
International Herald Tribune, April 11, 2006
Philip Lagerkranser and Rich Miller Bloomberg News

Asia's export-driven economy has a new engine of growth: Its own people. With unemployment low and wages rising, Asian consumers are spurning the thrifty ways of their parents and turning out to buy.
The rise of the Asian consumer helped prompt the International Monetary Fund to increase forecasts for economic growth for the region and worldwide this year, fund officials said at a conference last week in Cambodia. Asian stock markets are booming, led by India's, as investors bet that stronger domestic demand will help the region reduce its dependence on consumer spending in the United States and Europe.

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http://www.iht.com/articles/2006/04/10/bloomberg/sxfrugal.php


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Watch, you're stepping into a noodle bowl
The Financial Express, April 3, 2006
TK Bhaumik

The Indo-ASEAN free trade agreement is by far India’s most significant move towards regional integration of her economy. If we agree that as an emerging economic power, India has to secure its due place among the dynamic Asian economies, this must be hailed as a highly welcome move.

Click here to read further :
http://www.financialexpress.com/fe_full_story.php?content_id=122450



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