Do the ASEAN countries and Taiwan form a common currency area?
AbstractCommon currency areas and Asian common currency areas in particular are highly topical and somewhat controversial areas for research. We explore the hypothesis that the members of the Association of Southeast Asian Nations meet necessary conditions for forming a common currency area and whether Taiwan appears a natural member of such an area. We test data on the ASEAN countries and Taiwan for consistency with a common currency area. We produce the first evidence that these five ASEAN countries and the ASEAN countries plus Taiwan meet the microeconomic criteria to form a common currency area.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of International Money and Finance.
Volume (Year): 30 (2011)
Issue (Month): 7 ()
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Web page: http://www.elsevier.com/locate/inca/30443
Common currency area; Weak separability; Microeconomic foundations;
Find related papers by JEL classification:
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- C40 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
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