RESERVE POOLING AND ITS IMPLICATION ON OPTIMUM CURRENCY AREA IN ASEAN

Tajul Ariffin Masron and Zulkornain Yusop

The Singapore Economic Review (SER), 2009, vol. 54, issue 02, 299-312

Abstract: Regional economic integration in ASEAN, ASEAN Free Trade Area (AFTA), is expected to produce positive outcomes on economic growth in ASEAN especially through its impact on trade and investment. This idea can be strengthened if regional monetary integration is followed. Therefore, focusing on reserve pooling, which is one of the proxy for Optimum Currency Area (OCA) variables, this study intends to examine the feasibility of a common currency in ASEAN. In addition, this study also investigates this idea in the presence of external shock.

Keywords: Optimum Currency Area (OCA); international reserve; external shock (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1142/S021759080900329X

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