India's monetary integration with east and south-east Asia: a feasibility study

June 2007


This paper attempts to include India with east and Southeast Asia to study the existence of the economic criteria for a common currency. The analysis in this paper shows that significant complementarities in trade exist among these countries and most of them experience similar shocks. These results point to the fact that the cost of adopting a single currency may be minimal, while huge benefits could accrue from enhanced trade.