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The member states of the South Asian Association for Regional Cooperation have set as a target the achievement of an economic union by 2020. Reaching this goal will require greater levels of monetary cooperation. How should this be achieved? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This paper concludes that, absent a clear road map for monetary cooperation, the present process must be structured so as to be harmonized with the level of regional economic integration.
Monetary unions --- Common currencies --- Currency areas --- Currency unions --- Optimum currency areas --- Currency question --- Money --- South Asian Association for Regional Cooperation. --- SAARC (South Asian Association for Regional Cooperation) --- S.A.A.R.C. --- South Asian Association for Regional Co-operation --- Sārka --- South Asian Regional Cooperation --- South Asia --- Asia, South --- Asia, Southern --- Indian Sub-continent --- Indian Subcontinent --- Southern Asia --- Orient --- Economic integration. --- Exports and Imports --- Foreign Exchange --- Inflation --- Money and Monetary Policy --- Economic Integration --- Financial Aspects of Economic Integration --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Price Level --- Deflation --- International economics --- Currency --- Foreign exchange --- Monetary economics --- Macroeconomics --- Economic integration --- Exchange rates --- Currencies --- Prices --- International economic integration --- India
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