Abstract

Asia-11 comprises ASEAN-5, Taiwan Province of China, Korea, Hong Kong SAR, China, India, and Japan.

Table 1.

Intraregional Exports

(In billions of U.S. dollars)

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Sources: CEIC database; and IMF, Direction of Trade Statistics (CD-ROM).

Asia-11 comprises ASEAN-5, Taiwan Province of China, Korea, Hong Kong SAR, China, India, and Japan.

Table 2.

Export Destinations of Various Trading Blocs, 2005

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Sources: CEIC database; and IMF, Direction of Trade Statistics (CD-ROM).

Asia-11 comprises ASEAN-5, Taiwan Province of China, Korea, Hong Kong SAR, China, India, and Japan.

Table 3.

Standard Deviations of Monthly Exchange Rate Fluctuations Against the U.S. Dollar

(In percent)

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Sources: Bloomberg; and Monetary Authority of Singapore.
Table 4.

Average Correlations of Currencies with Increasing Flexibility

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Sources: Bloomberg; and Monetary Authority of Singapore.

Philippine peso, Thai baht, Korean won, Indonesian rupiah, and new Taiwan dollar.

Figure 1
Figure 1

Average Annual Inflation Rates in Selected Asian Countries, 1991–2010

(In percent)

Sources: CEIC database; and IMF, Direction of Trade Statistics (CD-ROM).*Asia-11 comprises ASEAN-5, Taiwan Province of China, Korea, Hong Kong SAR, China, India, and Japan.
Asian Monetary integration: Will It Ever Happen?
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    Average Annual Inflation Rates in Selected Asian Countries, 1991–2010

    (In percent)