@article{Quah:334403,
      recid = {334403},
      author = {Quah, Chee-Heong and Ho, Yew-Joe},
      title = {Economic Feasibility of Malaysia and Singapore-Brunei  Monetary Reunion: A Scrutiny during Major Financial Crises},
      journal = {Applied Economics Journal},
      address = {2020},
      year = {2020},
      abstract = {This paper attempts to assess the feasibility of Malaysia  to rejoin the monetary union with Singapore and Brunei  which it left in 1973. The study scrutinizes particularly  the period of two impactful financial crises in the last  decades, namely the Asian Financial Crisis in 1997 and the  US subprime-caused Global Financial Crisis in 2007-2009.  Assessment is made in terms of the real convergence  criteria suggested by optimum currency areas (OCA) theory  and the nominal convergence criteria specified by the  Maastricht Treaty. In light of the endogeneity view of  convergence criteria, the relevant features of Malaysia are  evaluated against those of Singapore and Brunei to infer  the degree of preparedness of Malaysia to access the  prevailing Singapore-Brunei monetary union. Results suggest  that Malaysia could be as good a candidate as Brunei as a  monetary union member with Singapore.},
      url = {http://ageconsearch.umn.edu/record/334403},
      doi = {https://doi.org/10.22004/ag.econ.334403},
}