The Feasibility of Optimal Currency Area for ASEAN after adopting the ASEAN Economic Community Blueprint in 2008
This paper investigates the feasibility of OCA for ASEAN after the implementation of ASEAN Economic Community Blueprint in 2008. Dynamic Conditional Correlation (DCC) model with and without a structural break are used to identify whether the policy implemented facilitates the region to move closer to a single currency area. Industrial production index growth rate and change in short-term interest
