Hidden Bibliographic Details
| Other authors / contributors: | Mauro, Paolo.
International Monetary Fund. Research Department.
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| ISBN: | 1282020099
9781282020092
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| Notes: | Includes bibliographical references (page 24).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
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| Summary: | This paper examines the costs, benefits, preconditions, and implications of an ASEAN regional currency arrangement that is assumed to culminate in a regional currency. Such a proposal would have been regarded as highly radical even a decade ago, and would have been unlikely to be considered as a serious policy option along with fixed and floating exchange rates. However, recent international financial crises have eroded the credibility of unilateral fixed exchange rates and correspondingly increased interest in "harder" pegs, such as currency boards, adopting another country's money as the domestic currency, and common currency arrangements.
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| Other form: | Print version: Bayoumi, Tamim A. Suitability of ASEAN for a regional currency arrangement. [Washington, D.C.] : International Monetary Fund, Research Dept., ©1999
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