Abstract
One of the key recommendations of Chapter 3 is that India (and subsequently other South Asian countries as appropriate) should be invited to participate in the monetary integration efforts in East Asia (ASEAN+3) and that this would help enhance Asia’s voice in the G20. These include the possible participation of India in the ASEAN+3 Economic Review and Policy Dialogue and the Chiang Mai Initiative Multilateralization. The survey of stakeholders in Chapter 5 supported this recommendation. A similar survey whose results are presented in Chapter 7 finds that the introduction of a regional monetary unit (RMU) or regional currency basket could also facilitate regional surveillance in East Asia and facilitate macroeconomic policy coordination in the region.
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