This paper analyzes some pros and cons of a monetary union for the ASEAN11Association of Southeast Asian Nations, its members are: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Vietnam. countries, excluding Myanmar. We estimate a stylized...

We will show by means of an example that, stated this way, this assertion is in general not correct. Therefore, we reconsider in this paper first the conditions under which the finite-planning- horizon linear-quadratic differential game has an open-loop Nash equilibrium solution. We present both...