Southeast Asian monetary integration: a real options perspective

Frank Strobel

Applied Economics, 2007, vol. 39, issue 6, 759-763

Abstract: We examine the real option implicit in countries' decisions of whether to join a monetary union and calibrate our theoretical model for the core ASEAN/AFTA group of Indonesia, Malaysia, Philippines, Singapore and Thailand. None of the countries would be prepared to join a monetary union amongst them at present, and most have low to negligible probabilities of ever wanting to do so.

Date: 2007
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DOI: 10.1080/00036840500428005

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