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Southeast Asian Monetary Integration: a real options perspective
[journal article]
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... view more
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.... view less
Document language
English
Publication Year
2007
Page/Pages
p. 759-763
Journal
Applied Economics, 39 (2007) 6
DOI
https://doi.org/10.1080/00036840500428005
Status
Postprint; peer reviewed
Licence
PEER Licence Agreement (applicable only to documents from PEER project)