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ASEAN Monetary Cooperation: issues and prospects

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Authors

Ramayandi, Arief
Ramayandi, Arief

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Volume Title

Publisher

Canberra, ACT: The Australian National University

Abstract

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 provides a discussion on possible steps that can be pursued to realize currency union.

Description

Keywords

Association of Southeast Asian Nations, ASEAN, common currency, Optimal Currency Areas, East Asian financial crisis

Citation

URI

http://hdl.handle.net/1885/43043

Collections

ANU Research Publications

Source

Pacific Economic Papers; No. 349

Type

Working/Technical Paper

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Access Statement

Open Access

License Rights

DOI

Restricted until

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pep-349.pdf (194.91 KB)

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