Programme Paper

Project: International Economics Department

Myriam Zandonini

This paper draws on the 6th Asia-Europe Editors' Roundtable organized in Bangkok by the Asia-Europe Foundation (ASEF) and Chatham House, on the eve of the Asia-Europe Meeting (ASEM) 10th Finance Ministers' Meeting (FinMM) in October 2012. 

  • The paper explores current trends in relations between Europe and Asia. First, it looks at challenges and opportunities in the current system from the perspective of each continent, with a specific focus on increasing policy coordination both regionally and at the global level. 
  • The paper explores the possibility of a regional currency union, in view of the RMB's internationalization and of a future multi-currency system, in the context of the overall 'stable disequilibrium' of the current international monetary system. It also assesses the debate on how and why the system should be reformed and the challenges that lie ahead. 
  • Finally, the paper considers the role of the media and the increased public awareness since the outbreak of the recent financial crisis, and specifically its interplay with information disclosure by institutions and actors in the financial sector.