Southeast Asian monetary integration: a real options perspective

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.

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Year of publication:	2007
Authors:	Strobel, Frank
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 39.2007, 6, p. 759-763
Publisher:	Taylor & Francis Journals

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

Persistent link: https://www.econbiz.de/10005471128