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Potential Currency Areas in East Asia using United States, Japan, or China as the Monetary Anchor
Quah, Chee Heong - In: Economía Mexicana NUEVA ÉPOCA Cierre de época (I) (2013), pp. 247-279
This paper applies fuzzy clustering techniques to developed and emerging economies in East Asia, in order to arrive at … monetary anchor countries are proposed, namely the US, Japan and China, and hence, to an extent, the analysis does indicate the … relative importance of the three world’s largest economies to East Asia. Due to the endogeneity of the convergence criteria in …
Persistent link: https://www.econbiz.de/10010721462
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Potential Currency Areas in East Asia using United States, Japan, or China as the Monetary Anchor
Quah, Chee Heong - In: Economía Mexicana NUEVA ÉPOCA XXII (2013) 3, Cierre de época (I), pp. 247-279
This paper applies fuzzy clustering techniques to developed and emerging economies in East Asia, in order to arrive at … monetary anchor countries are proposed, namely the United States, Japan and China, and hence, to an extent, the analysis does … indicate the relative importance of the three world’s largest economies to East Asia. Due to the endogeneity of the convergence …
Persistent link: https://www.econbiz.de/10010752731
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Anticipated effects of foreign currency reserve diversification in Asian countries: Do China and India matter for coordination?
Sell, Friedrich L. - In: CESifo Forum 8 (2007) 1, pp. 32-38
Persistent link: https://www.econbiz.de/10004998704
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International Monetary and Financial Arrangements: Present and Future
Salvatore, Dominick - In: Open Economies Review 9 (1998) 1, pp. 375-416
The paper deals with a broad range of topics under the rubric of the international monetary system: exchange rate agreements, International Monetary Fund structure, history and functioning of the European Monetary Union, monetary and fiscal policies adopted in recent years by different...
Persistent link: https://www.econbiz.de/10005715004
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The Present International Monetary System: Problems, Complications, and Reforms
Salvatore, Dominick - In: Open Economies Review 11 (2000) 1, pp. 133-148
In the last decade serious crises have affected financial markets. Some proposals to avoid international financial crises have been made, but more useful could be measures to strengthen the functioning of the present international monetary system. Another way could be a much greater involvement...
Persistent link: https://www.econbiz.de/10005715034
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The economic integration: concept and end of process
Andrei, Liviu C. - In: Theoretical and Applied Economics XVIII(2012) (2012) 10(575), pp. 55-70
A crisis that is currently stiffing the Euro Zone does equally suspend and shadows the debate on the European integration, that actually remains a different issue and, why not, still useful. This integration needs some more corrections: the old model revising, updating or readapting to a new...
Persistent link: https://www.econbiz.de/10010857172
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Lessons from the US for the institutional design of EMU
Butzen, P.; Cheliout, S.; Geeroms, H. - In: Economic Review (2014) II, pp. 82-101
This paper compares the euro area and the US in order to draw lessons for improving the Economic and Monetary Union. Although it is not perfect, the US comes closer to fulfilling the criteria of the Optimum Currency Area theory, and it did not experience the debt crisis that hit the euro area,...
Persistent link: https://www.econbiz.de/10011272840
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Are Countries of Association of South East Asia Nations (ASEAN) Candidates of Optimum Currency Area for Monetary Union? A Structural VAR Approach
Sin, Lew Yuen; Asam Tuan Lorik, Ku - In: Review of Applied Economics 2 (2006) 2
Intra-trade among ASEAN countries have remained around 20% over the period 1993 until 2001 (ASEAN Secretariat). With this significant amount of trade being conducted between members of ASEAN countries, businesses were faced with exchange rate exposure due to the volatility of the exchange rate...
Persistent link: https://www.econbiz.de/10005256567
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Costs and Benefits of Dollarization: Evidence from North, Central, and South America
Karras, Georgios - In: Journal of Economic Integration 17 (2002), pp. 502-516
This paper examines the macroeconomic costs and benefits of dollarization. Economic theory suggests that the main benefit is enhanced price stability, while the main cost is higher business-cycle volatility if the dollarizing country’s output is not sufficiently correlated with that of the...
Persistent link: https://www.econbiz.de/10010840784
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ECONOMIC CONVERGENCE, PART OF ADVANCED EUROPEAN INTEGRATION
ANDREI, Liviu C. - In: Internal Auditing and Risk Management 2 (2014) 34, pp. 13-21
In 1961, in the earlier stage of the European integration, Bela Balassa proposed a five successive phase model about it as a foresight. Today, the half century experience on integration and corresponding literature issued just lets us see rather two big phases (instead of five). The one would be...
Persistent link: https://www.econbiz.de/10010813859