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150128 ||| eng |
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|a 9781451857856
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| 100 |
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|a Mauro, Paolo
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| 245 |
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|a The Suitability of ASEAN for a Regional Currency Arrangement
|c Paolo Mauro, Tamim Bayoumi
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1999
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| 300 |
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|a 24 pages
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| 700 |
1 |
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|a Bayoumi, Tamim
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| 041 |
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7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Working Papers
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| 028 |
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|a 10.5089/9781451857856.001
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| 856 |
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|u http://elibrary.imf.org/view/journals/001/1999/162/001.1999.issue-162-en.xml
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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| 520 |
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|a This paper examines the costs, benefits, preconditions, and implications of an Association of Southeast Asian Nations (ASEAN) regional currency arrangement that is assumed to culminate in a regional currency. On economic criteria, ASEAN appears less suited for a regional currency arrangement than Europe before the Maastricht Treaty, although the difference is not large. The transition to European Monetary Union (EMU) indicates that the path toward a common currency is fraught with difficulty. A firm political commitment would seem to be vital to ensuring that an attempt to form a regional currency arrangement is not viewed as simply another fixed exchange rate regime, open to speculative crises
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