Doing it the ‘ASEAN Way’: a political perspective on creating a single currency in ASEAN
ASEAN conduct itself through an approach called the ASEAN Way, a doctrine of non-interference policy. Due to the changing global geopolitical landscape, ASEAN needs to understand the feasibility of a single currency community in adapting to the highly volatile environment. The success of a single cu...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Final Year Project |
| Language: | English |
| Published: |
2017
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/71677 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | ASEAN conduct itself through an approach called the ASEAN Way, a doctrine of non-interference policy. Due to the changing global geopolitical landscape, ASEAN needs to understand the feasibility of a single currency community in adapting to the highly volatile environment. The success of a single currency ASEAN lies within the political will of the ASEAN member states and the narrowing of socio-economic disparities among them. Alternative methods of strengthening the currencies include currency swapability or currency peg to an ASEAN+3 currency. Currency union is the last financial integration operatives that would sum up the AEC. ASEAN slow consensus building process, coupled with the EU lessons might ensure the thorough analysis of a currency union. Even if ASEAN does not achieve a single currency status, it will likely formulate sound monetary and financial policies for the region. This ensures stability for the years to come. |
|---|