A study of optimum currency area in East Asia: a cluster analysis
This paper studies the feasibility of ASEAN+3 Monetary Union by investigating the homogeneities of the countries. Utilizing techniques of cluster analysis on two sets of criteria, the Optimum Currency Area (OCA) and the adjusted Maastricht Treaty (MTC), reveals that homogeneities of ASEAN+3 are low...
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| Format: | Article |
| Language: | English |
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Center for Economic Integration, Sejong Institution, Sejong University
2008
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| Online Access: | http://psasir.upm.edu.my/id/eprint/12870/1/A%20study%20of%20optimum%20currency%20area%20in%20East%20Asia.pdf |
| _version_ | 1825945127012532224 |
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| author | Ibrahim, Saifuzzaman |
| author_facet | Ibrahim, Saifuzzaman |
| author_sort | Ibrahim, Saifuzzaman |
| collection | UPM |
| description | This paper studies the feasibility of ASEAN+3 Monetary Union by investigating the homogeneities of the countries. Utilizing techniques of cluster analysis on two sets of criteria, the Optimum Currency Area (OCA) and the adjusted Maastricht Treaty (MTC), reveals that homogeneities of ASEAN+3 are low and the immediate formation of a monetary union would entail serious potential costs. Furthermore, our findings suggest that grouping differ between pre-crisis and post-crisis periods which could be due to the different impact of the crisis on the economic structure of these countries. |
| first_indexed | 2024-03-06T07:26:40Z |
| format | Article |
| id | upm.eprints-12870 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T07:26:40Z |
| publishDate | 2008 |
| publisher | Center for Economic Integration, Sejong Institution, Sejong University |
| record_format | dspace |
| spelling | upm.eprints-128702015-09-30T07:21:35Z http://psasir.upm.edu.my/id/eprint/12870/ A study of optimum currency area in East Asia: a cluster analysis Ibrahim, Saifuzzaman This paper studies the feasibility of ASEAN+3 Monetary Union by investigating the homogeneities of the countries. Utilizing techniques of cluster analysis on two sets of criteria, the Optimum Currency Area (OCA) and the adjusted Maastricht Treaty (MTC), reveals that homogeneities of ASEAN+3 are low and the immediate formation of a monetary union would entail serious potential costs. Furthermore, our findings suggest that grouping differ between pre-crisis and post-crisis periods which could be due to the different impact of the crisis on the economic structure of these countries. Center for Economic Integration, Sejong Institution, Sejong University 2008-12 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/12870/1/A%20study%20of%20optimum%20currency%20area%20in%20East%20Asia.pdf Ibrahim, Saifuzzaman (2008) A study of optimum currency area in East Asia: a cluster analysis. Journal of Economic Integration, 23 (4). pp. 765-790. ISSN 1225-651X; ESSN: 1976-5525 http://www.e-jei.org/journal/view.php?number=487 10.11130/jei.2008.23.4.765 |
| spellingShingle | Ibrahim, Saifuzzaman A study of optimum currency area in East Asia: a cluster analysis |
| title | A study of optimum currency area in East Asia: a cluster analysis |
| title_full | A study of optimum currency area in East Asia: a cluster analysis |
| title_fullStr | A study of optimum currency area in East Asia: a cluster analysis |
| title_full_unstemmed | A study of optimum currency area in East Asia: a cluster analysis |
| title_short | A study of optimum currency area in East Asia: a cluster analysis |
| title_sort | study of optimum currency area in east asia a cluster analysis |
| url | http://psasir.upm.edu.my/id/eprint/12870/1/A%20study%20of%20optimum%20currency%20area%20in%20East%20Asia.pdf |
| work_keys_str_mv | AT ibrahimsaifuzzaman astudyofoptimumcurrencyareaineastasiaaclusteranalysis AT ibrahimsaifuzzaman studyofoptimumcurrencyareaineastasiaaclusteranalysis |