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Employing the panel convergence method of Phillips and Sul (2007) to the nominal deviation indicators of two recent unofficial constructions of the Asian Currency Unit (ACU) index, this paper examines the existence and extent of convergence in the movements of East Asian currencies against the...
Persistent link: https://www.econbiz.de/10011398327
Basel III capital adequacy rules are likely to have limited impacts on economic growth in Asia, but other financial …
Persistent link: https://www.econbiz.de/10009783717
basket. Using this new approach, we find that there is not yet an RMB bloc in East Asia, contrary to claims made by some … dominant anchor currency in East Asia. …
Persistent link: https://www.econbiz.de/10010251700