Convergence and its implications for a common currency in ASEAN.(Association of South East Asian Nations)

ASEAN Economic Bulletin,  April, 2003  by Bunyaratavej, Kraiwinee; Hahn, Eugene D.

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The successful introduction of the euro brings renewed interest to the topic of whether similar approaches might be successfully implemented in other regions. One region that may be a promising candidate for this process is Southeast Asia, comprising the ASEAN member countries. These nations have long seen the value of co-operation in order to promote peace, stability, and economic growth.

Nonetheless, important differences between the euro area and the ASEAN zone suggest that a wholesale importation of the European approach may be inopportune at the moment. The issues are examined by using ...

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