Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail

Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail

The idea of this paper as title 'Forming a Single Currency in ASEAN Countries by applying VAR Analysis' is due to successful launch of the Euro in the early 1999 which make a common currency a particularly interesting option for region in ASEAN itself. More importantly, the recent regional...

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Main Author: Ismail, Nor Azira
Format: Research Reports
Language:English
Published: Research Management Institute (RMI) 2013
Subjects:
Price
Money
Online Access:http://ir.uitm.edu.my/id/eprint/23015/
http://ir.uitm.edu.my/id/eprint/23015/1/LP_NOR%20AZIRA%20ISMAIL%20RMI%2013_5.pdf
id uitm-23015
recordtype eprints
spelling uitm-230152019-01-30T08:47:36Z http://ir.uitm.edu.my/id/eprint/23015/ Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail Ismail, Nor Azira Price Money The idea of this paper as title 'Forming a Single Currency in ASEAN Countries by applying VAR Analysis' is due to successful launch of the Euro in the early 1999 which make a common currency a particularly interesting option for region in ASEAN itself. More importantly, the recent regional financial crisis in ASEAN countries of 1997 has revealed vulnerabilities of exchange rate regime in the region. Furthermore, it has eroded the credibility of unilateral fixed exchange rate and correspondingly renewed calls for greater monetary integration and regional exchange rate stability in ASEAN. In addition, many researchers have advocated alternative exchange rate arrangement to enhance exchange rate stability. For instance, Williamson (1999) proposes a common basket peg among East Asian economies in his study. Meanwhile, Ogawa and Ito (2002) also advocate a basket beg to keep the real effective exchange rate stable. Beside, Kwan (1998) makes a proposal for formation of a yen bloc in East Asia and also McKinnon (2000) proposes to restore a dollar which based on exchange rate regime in East Asia while strengthening bank regulations. Research Management Institute (RMI) 2013 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/23015/1/LP_NOR%20AZIRA%20ISMAIL%20RMI%2013_5.pdf Ismail, Nor Azira (2013) Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail. [Research Reports] (Unpublished)
repository_type Digital Repository
institution_category Local University
institution Universiti Teknologi MARA
building UiTM Institutional Repository
collection Online Access
language English
topic Price
Money
spellingShingle Price
Money
Ismail, Nor Azira
Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail
description The idea of this paper as title 'Forming a Single Currency in ASEAN Countries by applying VAR Analysis' is due to successful launch of the Euro in the early 1999 which make a common currency a particularly interesting option for region in ASEAN itself. More importantly, the recent regional financial crisis in ASEAN countries of 1997 has revealed vulnerabilities of exchange rate regime in the region. Furthermore, it has eroded the credibility of unilateral fixed exchange rate and correspondingly renewed calls for greater monetary integration and regional exchange rate stability in ASEAN. In addition, many researchers have advocated alternative exchange rate arrangement to enhance exchange rate stability. For instance, Williamson (1999) proposes a common basket peg among East Asian economies in his study. Meanwhile, Ogawa and Ito (2002) also advocate a basket beg to keep the real effective exchange rate stable. Beside, Kwan (1998) makes a proposal for formation of a yen bloc in East Asia and also McKinnon (2000) proposes to restore a dollar which based on exchange rate regime in East Asia while strengthening bank regulations.
format Research Reports
author Ismail, Nor Azira
author_facet Ismail, Nor Azira
author_sort Ismail, Nor Azira
title Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail
title_short Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail
title_full Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail
title_fullStr Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail
title_full_unstemmed Forming a single currency in ASEAN countries: a VAR analysis / Nor Azira Ismail
title_sort forming a single currency in asean countries: a var analysis / nor azira ismail
publisher Research Management Institute (RMI)
publishDate 2013
url http://ir.uitm.edu.my/id/eprint/23015/
http://ir.uitm.edu.my/id/eprint/23015/1/LP_NOR%20AZIRA%20ISMAIL%20RMI%2013_5.pdf
first_indexed 2023-09-18T23:09:54Z
last_indexed 2023-09-18T23:09:54Z
_version_ 1777418732214157312

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