Southeast Asian Monetary Integration: a real options perspective

Frank Strobel (1)

1 Economics

We examine the real option implicit in countries' decisions of whether to join a monetary union and calibrate our theoretical model for the core ASEAN/AFTA group of Indonesia, Malaysia, Philippines, Singapore and Thailand. None of the countries would be prepared to join a monetary union amongst them at present, and most have low to negligible probabilities of ever wanting to do so.

Mots clés: Social Sciences & Humanities

Frank Strobel. Southeast Asian Monetary Integration: a real options perspective. Applied Economics, 2007, 39 (06), pp.759-763. ⟨10.1080/00036840500428005⟩. ⟨hal-00581946⟩