RESERVE POOLING AND ITS IMPLICATION ON OPTIMUM CURRENCY AREA IN ASEAN

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.

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Year of publication:	2009
Authors:	MASRON, TAJUL ARIFFIN ; YUSOP, ZULKORNAIN
Published in:	The Singapore Economic Review (SER). - World Scientific Publishing Co. Pte. Ltd., ISSN 1793-6837. - Vol. 54.2009, 02, p. 299-312
Publisher:	World Scientific Publishing Co. Pte. Ltd.
Subject:	Optimum Currency Area (OCA) \| international reserve \| external shock

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Extent:	application/pdf text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics