Purpose – The purpose of this paper is to examine the extent of the trade integration of Thailand with the Mekong region in comparison with its trade integration with the other major partners (advanced ASEAN, China, India, Japan, and the USA). Design/methodology/approach – The study adopts...

This article examined the exchange rate movements and their impact on the external balances in the 1990s in the selected ASEAN countries. The main findings are as follows. The real effective exchange rate (REER) - the relative prices against the world competitors - shows a trend of appreciation...

This article examined the sustainability of foreign borrowing in the selected ASEAN countries of Indonesia, Malaysia, the Philippines, and Thailand, all of which have faced a larger current account deficit since the 1990s. Whether the favorable gaps in terms of the excess of their growth rates...

Exchange rate management has been a hot topic in policy maker and academic circles. The 1997-98 Asian crisis has refocused attention on the exchange rate management of East Asian countries. Most views expressed are critical of the pre-crisis US dollar peg regime, citing it as one cause of the...

This paper set out to examine the recent evolution of the production networks through the fragmentation in the Mekong region within ASEAN by using trade data and micro-data of Japanese multinational enterprises. Our main findings are as follows. First, the fragmentation momentum in the Mekong...

This paper examined the economic feasibility of forming a regional currency block in Asia, by adopting a generalized purchasing power parity (G-PPP) approach to identify the existence of common trends in real exchange rates among a group of countries. To be specific, we conducted both bilateral...

Purpose – The purpose of this paper is to examine the extent of the trade integration of Thailand with the Mekong region in comparison with its trade integration with the other major partners (advanced ASEAN, China, India, Japan, and the USA). Design/methodology/approach – The study adopts...