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ASEAN Monetary Cooperation: issues and prospects

Ramayandi, Arief


Among other things, the 1997–98 East Asian financial crisis has led to questioning within the Association of Southeast Asian Nations (ASEAN) about whether the region needs a common currency. This paper aims to discuss the underlying economic issues and prospects, from both a theoretical and a practical point view. The analysis focuses only on the five largest ASEAN nations. Standard criteria suggested by the theory of Optimal Currency Areas are reviewed and applied to the region. The paper then...[Show more]

CollectionsANU Research Publications
Date published: 2005
Type: Working/Technical Paper
Source: Pacific Economic Papers


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