1  See ‘Recent Developments in Housing: Prices, Finance and Investor Attitudes’, RBA Bulletin, July 2002, ‘Innovations in the Provision of Finance for Investor Housing’, RBA Bulletin, December 2002, ‘Housing Equity Withdrawal’, RBA Bulletin, February 2003, and ‘Household Debt: What the Data Show’, RBA Bulletin, March 2003. 2  See RBA Bulletin, March 2003, op cit.
Asia has a long way to go before it could ever be considered as an “optimum currency area”. But diversity is also Asia’s strength. Economies with their own comparative advantages can and do create layers of linkages through trade and direct investment, which produce a dynamism of growth. And this has enabled Asia to emerge as one of the world’s growth centers.