Evolusi Penggunaan Mata Uang Lokal Dalam Kerja Sama ASEAN Studi Kasus Indonesia, Malaysia, Dan Thailand

Authors

  • Farah Muthia Devi Politeknik APP Jakarta
  • Muhammad Sultan Ibrahimovic Sutisna Politeknik APP Jakarta
  • Natasha Putri Fedenan Politeknik APP Jakarta

DOI:

https://doi.org/10.58192/ebismen.v3i1.1770

Keywords:

Use of Local Currency, ASEAN, IMT Cooperation.

Abstract

By exploring international cooperation between Indonesia, Thailand and Malaysia in the use of local currency through the Local Currency Settlement (LCS) framework, this research details the deeper context regarding concerns regarding dependence on the US Dollar after the 2016-2017 financial crisis. with an emphasis on the development of the use of local currencies after the Asian crisis of 1997-1998. This research reveals that one of the main criteria for establishing an optimal currency area (OCA) is exchange rate stability. In looking at the research results, a positive evolution of the use of local currencies in post-crisis ASEAN cooperation is illustrated, especially through the LCS initiative involving Indonesia, Thailand and Malaysia. Although LCS implementation trends show positivity, further improvement is identified as an urgent need to bring it in line with total trade between countries. Hope lies in the LCS collaboration which is expected to strengthen currency stability, spur economic growth and increase trade activity in the region. Thus, this research provides valuable insight into the urgency of regional cooperation in managing dependence on global currencies, especially the US Dollar.

References

Annur, Cindy Mutia. 2023. “Membandingkan Pertumbuhan Ekonomi Negara ASEAN Pada 2022, Siapa Tertinggi?” Databoks, March 27.

ASEAN STATISTICAL YEARBOOK. n.d. ASEAN STATISTICAL YEARBOOK. Vol. 18 December 2022.

Cholifah, Nurul, and Diah Wahyuningsih. n.d. “Pembentukan Mata Uang Tunggal Kawasan ASEAN.” Jurnal Universitas Jember 152–53.

Gharleghi, Behrooz, Najla Shafighi, and Chan Yin Fah Benjamin. n.d. “Financial Integration and Common Currency Area in ASEAN.” Journal of Economics, Business and Management 111–12.

Nofansya, Aldy, and Hasan Sidik. n.d. “Kerja Sama Ekonomi Indonesia-Malaysia-Thailand: Penguatan Local Currency Settlement (LCS) Framework Dalam Memfasilitasi Perdagangan.” Padjajaran Journal of International Relations 165–70.

Downloads

Published

2023-12-27

How to Cite

Farah Muthia Devi, Muhammad Sultan Ibrahimovic Sutisna, & Natasha Putri Fedenan. (2023). Evolusi Penggunaan Mata Uang Lokal Dalam Kerja Sama ASEAN Studi Kasus Indonesia, Malaysia, Dan Thailand. Jurnal Ekonomi, Bisnis Dan Manajemen, 3(1), 219–228. https://doi.org/10.58192/ebismen.v3i1.1770

Similar Articles

You may also start an advanced similarity search for this article.