Author Description

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. Paolo Mauro, Tamim Bayoumi. Bibliographic Level Mode Of Issuance: Monograph English