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Southeast Asian Monetary Integration: a real options perspective

[journal article]

Strobel, Frank

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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.
Document language English
Publication Year 2007
Page/Pages p. 759-763
Journal Applied Economics, 39 (2007) 6
Status Postprint; peer reviewed
Licence PEER Licence Agreement (applicable only to documents from PEER project)