The development of an international division of labor across the Asia-Pacific basin was not only foundation for achieving the "East Asian Miracle," but also proved during the "Asian Currency Crisis" to be a possible trigger for an international chain reaction of economic bankruptcy. The purpose...

In this paper, we construct a macro-econometric model that describes the economic activity in the Asia-Pacific area and provide quantitative insights into the recent policy debates on monetary and currency coordination among the East Asian economies. The model includes a wide variety of monetary...

This paper constructs an econometric model that describes the relationships in the Asia-Pacific region and gives quantitative insights into the recent policy debates on policy coordination among the East Asian economies. The model includes various monetary and currency policy rules that the...