ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Is East and South-East Asia Including India an Optimum Currency Area?

By becoming a member of an optimum currency area, a country may be able to maximise its economic efficiency. Given the concern about a recurrence of a financial crisis akin to that of the late 1990s, it is believed that the creation of an OCA for east and south-east Asia would enhance the financial integration of the region. On the basis of some stylised facts and an empirical evaluation, this paper looks into whether India should be included in such an OCA.

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