ASEAN COMMUNITY: REGIONAL MONETARY INTEGRATION
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Abstract
Economic union or monetary union is a major step in the integration of international economies which allows free flows of product factors, goods and service among the member countries. It involves the coordination of economic policies or economic institutions such as using the same monetary policy, a central bank and a common currency to facilitate transactions among member countries. The required precondition approach of monetary union before adopting an optimum currency area includes free production factor mobility, high level of country openness, or similarity of inflation rates. In 2015, ASEAN community integration will enable free mobility of product factors, goods and service in accordance with the Optimum Currency Areas Theory. Therefore, in the future it is feasible for ASEAN to achieve monetary integration to become “ASEAN Union” in order to share the same monetary policy or common currency. However, this will probably not occur in the near future.
Article Details
1. กองบรรณาธิการสงวนสิทธิ์ในการพิจารณาและตัดสินการตีพิมพ์บทความในวารสาร
2. บทความทุกเรื่องจะได้รับการตรวจสอบทางวิชาการโดยผู้ทรงคุณวุฒิ แต่ข้อความและเนื้อหาในบทความที่ตีพิมพ์เป็นความรับผิดชอบของผู้เขียนแต่เพียงผู้เดียว มิใช่ความคิดเห็นและความรับผิดชอบของมหาวิทยาลัยศรีปทุม
3. การคัดลอกอ้างอิงต้องดำเนินการตามการปฏิบัติในหมู่นักวิชาการโดยทั่วไป และสอดคล้องกับกฎหมายที่เกี่ยวข้อง
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