Abstract
This article analyses trade potential of a prospective ASEAN currency union by using the event study approach. The model specification captures the possible trade benefit for ASEAN currency union at a hypothetical level of ASEAN economic integration similar to the European Union. The empirical results show that the projected trade benefit is 21 per cent of ASEAN GDP indicating that an ASEAN currency union would be beneficial if ASEAN members reach the desired integration level at a cost less than 21 per cent of their GDP.
| Original language | English |
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| Title of host publication | Proceedings of 7th Global Business and Social Science Research Conference |
| Editors | Md Mahbubul Hoque Bhuiyan |
| Place of Publication | Berwick Vic Australia |
| Publisher | World Business Institute |
| Pages | 1 - 8 |
| Number of pages | 8 |
| ISBN (Print) | 9781922069269 |
| Publication status | Published - 2013 |
| Event | Global Business and Social Science Research Conference - Beijing China, Berwick Vic Australia Duration: 1 Jan 2013 → … |
Conference
| Conference | Global Business and Social Science Research Conference |
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| City | Berwick Vic Australia |
| Period | 1/01/13 → … |