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Transpacific imbalances and macroeconomic codependency

Thorbecke, Willem - 2011

Current account deficits in the United States (US) and current account surpluses in East Asia are an enduring part of the global economic landscape. They are supported by low saving in the US and by reserve accumulation in Asia. This paper argues that this strategy is causing macroeconomic...

Persistent link: https://www.econbiz.de/10010279816

International monetary transmission and exchange rate regimes: Floaters vs. non-floaters

Kim, Soyoung; Yang, Doo Yong - 2009

This paper analyzed the impact of United States (US) monetary shocks on the economies of selected East Asian countries using a structural vector autoregression model. We found that the impacts of the US monetary shocks on domestic interest rates and exchange rates contradict conventional wisdom....

Persistent link: https://www.econbiz.de/10010279850

A de facto Asian-currency unit bloc in East Asia: It has been there but we did not look for It

Girardin, Eric - 2011

Markov-switching estimation benchmarked against Bai-Perron structural break tests for the synthesis model of Frankel and Wei …

Persistent link: https://www.econbiz.de/10010286195

The yuan's exchange rates and pass-through effects on the prices of Japanese and US imports

Xing, Yuqing - 2010

This paper estimated the pass-through effects of yuan's exchange rates on prices of the US and Japanese imports from the People's Republic of China (PRC). Empirical results show that, a 1% nominal appreciation of the yuan would result in a 0.23% increase in prices of the US imports in the short...

Persistent link: https://www.econbiz.de/10010286187

Economic stability and choice of exchange rate regimes

Kaji, Sahoko - 2013

the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the … euro. Many members were losing competitiveness and in need of removing structural rigidities. If anything, the euro was … introduction of the euro and then discuss the governance overhaul taking place in Europe today. This overhaul was something that …

Persistent link: https://www.econbiz.de/10010397268

Europe's debt crisis, coordination failure, and international effects

Collignon, Stefan - 2012

. It finds that political mishandling has increased uncertainty, which has contributed to a tendency for the euro to become …

Persistent link: https://www.econbiz.de/10010397341

Emerging economies' supply shocks and Japan's price deflation: International transmissions in a three-country DSGE model

Hirakata, Naohisa; Iwasaki, Yuto; Kawai, Masahiro - 2014

This paper examines the international transmission effects that a positive supply shock in emerging economies may have on inflation in developed economies. We construct a dynamic stochastic general equilibrium (DSGE) model for three countries and analyze the impact of a supply shock in an...

Persistent link: https://www.econbiz.de/10010397229

Inadequate regional financial safety nets reflect complacency

Azis, Iwan J. - 2013

To the extent that financial contagion from the United States and the euro area crisis has occurred in Asia, this paper …

Persistent link: https://www.econbiz.de/10010397287