Impact Of The Asian Currency Unit (Acu) On The East Asian Economies: Lessons From The European Monetary Unit (Emu).
1. Abstract:
There has been a great deal of interest in the formation of a currency union in Asia since the countries of the European Union (EU) decided to introduce a single currency for Europe. Most of the studies have been to identify the relationships between the existing economic integrations as NAFTA and EU and the ASEAN.
The objective of this paper is to summarize proposed future evolution of Asian currency arrangements and examine it theoretically and empirically from a broad perspective. I believe that this kind of study will be indispensable for enhancing current discussions.
The paper compares the following countries for correlation among the countries for GDP, International and intra-regional trade, BOP as % of GDP, and Reserve accumulation for the time-period from 1989-2006.
1. Indonesia
2. Malaysia
3. Singapore
4. Thailand
5. Japan
6. Philippines
Finally to compare the learning from the EMU we would revisit the formulation of the EU and compare our......
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Approximate Word Count: 5272
Approximate Pages: 22 (250 words per double-spaced page)
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