00000caa a22000003i 4500 UP-1685594773862408634 Buklod 20210406000920.0 m | | ta 210405s2006 xx r |||| u|eng d 1655-1516 (iLib)UPBAG-00039679792 BAG rda eng ARTICLE-2964 Mongid, Abdul author. The economic convergence in ASEAN and prospects for a monetary union Abdul Mongid. 2006. pages [205]-219 25 cm text rdacontent unmediated rdamedia volume rdacarrier Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001. Includes bibliographical references (pages 217-219). ASEAN countries have deliberated on the feasibility of a monetary union that seeks to set a common currency in the region. This is in accordance with the second declaration of the Bali Concord reaffirming the intention toward economic cooperation and integration. This study investigates the possibility of convergence of economic and monetary variables among ASEAN member countries by using cointegration methodology on economic data. The study found that most monetary data are not converged. Based on the results, monetary union in the form of a currency union is not yet feasible. However, ASEAN countries should start to apply a loose monetary union and dare to step onward and act consistently. Monetary union Southeast Asia. Coinage, International. Currency question Southeast Asia. The Philippine Review of Economics Vol. XLIII, No. 1 (June 2006), p. [205]-219. Request full-text access via UPB University Library through https://forms.gle/KZjBv7aRtY6jiL5E9 (viewed 05 April 2021) UPBAG UPBAG-MAIN ARTICLE-2964 Analytics