Joint Asian currencies and its impact on international trade

"Joint Asian currencies and its impact on international trade" by Sukhada
Waknis explore the possibility of implementing a common currency
Asia since 2050, the role that INR can play in this process and the impact of
currency unification of regional trade. The author addresses
adoption of the Asian Currency Unit and the measures needed to be taken to
handle currency mismatch problems, gaining political acceptance and
solutions address these issues.

The article "Currency Unification in the Pacific Island Countries: Some
Suitability issues "authored by Jayshree Bose examines the benefits as
and disadvantages of a common currency system that is required to
be shared by Fiji, Papua New Guinea, Tonga, Vanuatu, Tonga, Samoa,
Solomon Islands, the six Pacific Island countries. Our highlights
various acts passed in 2002 and 2003 that furthered the cause of
currency union and the Pacific Plan adopted in 2005. It examines
feasibility of implementation of the common currency in the Pacific island
countries in light of factors such as historical and economic factors
maintaining control of inflation, financial integration and investment, etc.
It concludes that there is no perfect exchange rate strategy. Decision
to go in for a single regional currency or otherwise based on
strong commitment to regional cooperation and political consensus, except
of appropriate economic homogeneity.