Publication:
ASEAN Monetary Union: Is ASEAN an Optimum Currency Area?

Simple item page
dc.contributor.authorLew, Yuen Sin
dc.date.accessioned2026-08-07T08:39:21Z
dc.date.available2026-08-07T08:39:21Z
dc.date.issued2010-06
dc.description.abstractEconomic arguments in support of monetary union argues that a monetary union is capable of providing stable exchange rate, low interest and inflation rate as well promoting trade within the monetary union zone. If the launch of Euro currency can be regarded as a success, then it can be used as a model for ASEAN countries to prevent the repeat of the 199711998 financial crisis. The Theory of Optimum Currency Area (OCA) is the main reference point in considering the establishment of a monetary union. The theory has listed out several important criteria that need to be fulfilled before the establishment of monetary union. This thesis examines the suitability of the OCA theory as a basis for the adoption of monetary union among ASEAN member countries. Based on the OCA theory, the thesis is aimed to analyze a) synchronization of business cycle, b) financial integration, and c) GDP per capita convergence among 10 ASEAN member states. For the first analysis, the approach uses Hodrick-Prescott filter to obtain the business cycle and ARDL method to trace out synchronization.
dc.identifier.urihttps://erepo.usm.my/handle/123456789/24779
dc.language.isoen
dc.subjectASEAN Monetary Union
dc.subjectIs ASEAN an Optimum Currency Area?
dc.titleASEAN Monetary Union: Is ASEAN an Optimum Currency Area?
dc.typeResource Types::text::thesis::doctoral thesis
dspace.entity.typePublication
oairecerif.author.affiliationUniversiti Sains Malaysia
Files
Collections
Pusat Pengajian Pendidikan Jarak Jauh