Each Asian economy should endeavor to increase the attractiveness of their economy and currency for the time being. Initially, this would mean additional flexibility. We can then share our experiences. At the same time, we should ensure that cultural diversities in the region would be translated into creative energy, and not clashes of culture.
Only then would we realize stable regional currencies, and the dream of a single currency would become a vision. Thank you very much for your attention. BIS Review 67/2004  3