Chow, Hwee Kwan - East Asian Bureau of Economic Research (EABER) - 2011
Notwithstanding incumbency advantages and network effects enjoyed by the United States (US) dollar, considerations …, and yen separately have on movements of Asian currencies. Contrary to recent evidence based on daily data, we found … than by the yuan or the yen individually within the sample period we used. To the extent that exchange rates in the region …