Over the past three decades, trade and investment between countries in East and Southeast Asia have grown quickly, and many people have suggested that it may be better economically for the whole region to use a single currency. Based on the theory of Optimum Currency Area (OCA), evaluate whether in today's economic background it is suitable to consider this idea.

Over the past three decades, trade and investment between countries in East and Southeast Asia have grown quickly, and many people have suggested that it may be better economically for the whole region to use a single currency. Based on the theory of Optimum Currency Area (OCA), evaluate whether in today's economic background it is suitable to consider this idea.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter13: Open-economy Macroeconomics: Basic Concepts

Section: Chapter Questions

Problem 5QR

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