Eiji, OGAWA; WANG, Zhiqian - Research Institute of Economy, Trade and Industry (RIETI) - 2013
The global financial crisis affected the exchange rates of the U.S. dollar, the euro, and the Japanese yen, as well as … some East Asian currencies. This paper investigates how the East Asian currencies were affected by the global financial … crisis. We employ methodologies involving β-convergence and σ-convergence to examine the misalignments or divergence of East …