%0 Journal Article
%T Feasibility and Implications of a Monetary Union in Southeast Asia
%A Rafi Chaudhury
%J Michigan Journal of Business
%D 2009
%I University of Michigan
%X This study explores the readiness of seven ASEAN countries to adopt a common monetary policy and introduce a common currency. The suitability of the region as an Optimum Currency Area is estimated using an OCA Index developed in Bayoumi & Eichengreen (1997). This study finds that while the countries studied appear to be prepared to adopt a common monetary policy, there are still many opportunities to exploit policy independence in order to improve infrastructure and competitiveness prior to further integration.
%U http://michiganjb.org/issues/22/text22d.pdf