Australasia must be considered in Asia union

AUSTRALIA - Australia and New Zealand should be considered in any move towards monetary union in Asia, a discussion paper at a Reserve Bank of Australia conference in Sydney on 24 July concluded.

The paper, by Charles Wyplosz of the Graduate Institute of International Studies and Centre for Economic Policy Research, Geneva, said the Asian experience so far suggested the absence of political will towards the kind of cooperation that Europe has nurtured over several decades of increasing regional

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