Asian rupee for a common electronic financial market of India and the ASEAN region

Jack Penm

International Journal of Electronic Finance, 2007, vol. 1, issue 4, 473-483

Abstract: Separate Indian and ASEAN stock markets with strong growth deriving from the information and communications technology revolution are seeking to become a more integrated common financial market for the India and the ASEAN countries. This aspiration could be thwarted if currencies and stock prices are excessively volatile. A well-integrated common electronic financial market underpinned by a common currency would reduce this problem. In this paper, we explore the necessity for and practicability of a currency union for India and the ASEAN region. The detected cointegrating relations indicate that an ASEAN and Indian currency union is likely to be developed.

Keywords: common currency; India; ASEAN; information technology; communications technology; ICT; electronic finance; financial markets. (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijelfi:v:1:y:2007:i:4:p:473-483

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