Optimum Currency Areas in East Asia: A Structural VAR Approach

Year of publication:	2009-08
Authors:	Lee, Grace H.Y. ; Azali, M.
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	Optimum Currency Area \| Monetary Union \| Vector autoregression \| Exchange rate \| East Asia Abstract: This paper assesses the empirical desirability of the East Asian economies to an alternative exchange rate arrangement (a monetary union) that can potentially enhance the exchange rate stability and credibility in the region. Specifically \| the symmetry in macroeconomic disturbances of the East Asian economies is examined as satisfying one of the preconditions for forming an Optimum Currency Area (OCA). The Structural Vector Autoregression (VAR) method is employed to assess the nature of macroeconomic disturbances among the East Asian countries \| as a preliminary guide in identifying potential candidates for forming an OCA. The preliminary findings of this study suggest that there exists scope among some small sub-regions for potential monetary integration

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

More details

Extent:	application/pdf
Series:	Monash Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 19-09 24 pages longages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005064125

A service of the