A Query into the unification of currencies in South East Asia

Olea, Ivan Frank Modequillo

Contents: I. Introduction

II. Objectives

III. Scope and Limitations

IV. The Need for 1 Currency

V. A Precis of Lessons Learned from the Asian Crisis

VI. Promotion of Macroeconomic Stability in the Region

VII. Capital Market Reforms

VIII. Literature Review of the Optimum Currency Area

IX. Roles of a Central Monetary Authority and Fiscal Policy

X. Benefits of an Optimum Currency Area

XI. Costs of an Optimum Currency Area

XII. Lessons from the European Union

XIII. Convergence Criteria

XIV. Clamor for Political Union

XV. Current Performance of the Euro

XVI. Quantitative Analysis Segment

XVII. Application of the Convergence Criteria of the Maastricht Treaty in the

ASEAN Setting

XVIII. Findings on Quantitative Application

XIX. Application of the Convergence Criteria Model

XX. Conclusion