The case for a common Asian currency by 2025

This article considers the case for a common currency in Asia saying Asia is a logical candidate to take a leadership role in the reform of global currency markets.

First published in the Asahi Shimbun, 12 May.

After the roller coaster ride of the 1990s, Asia has receded from the headlines. Most of the countries in the region have largely recovered from the 1997 financial crisis-and a number have made credible efforts in trying to convert their societies to consumer-led demand. Now, when things

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