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years. Some studies aim at analysing the suitability of these Euro aspirants for currency union with EMU by evaluating the … characteristics within the process of integration in Western Europe confirms the importance of this approach. …
Persistent link: https://www.econbiz.de/10010503148
Already before the final introduction of the single European currency there have been negotiations on a further enlargement of the Eurozone to the East. The accession of 10 Central and Eastern European Countries (CEEC) to Euroland is likely to be realised within the next 10 years and it is an...
Persistent link: https://www.econbiz.de/10010506205
The study assesses the level of integration among the three Greater China economies (namely China, Hong Kong, and Taiwan) and examines the suitability of a Greater China currency union. Currently, the three economies have extensive trade and investment linkages. Our analyses show that these...
Persistent link: https://www.econbiz.de/10012754602
This working paper was written by Yin-wong Cheung (University of California, Santa Cruz) and Jude Yuen (University of California, Santa Cruz).The study assesses the level of integration among the three Greater China economies (namely China, Hong Kong, and Taiwan) and examines the suitability of...
Persistent link: https://www.econbiz.de/10014048654
disturbances and hence less symmetry among the national disturbance effects that remain. But recent evidence from the euro area …
Persistent link: https://www.econbiz.de/10014069908
disturbances and hence less symmetry among the national disturbance effects that remain. But recent evidence from the euro area …
Persistent link: https://www.econbiz.de/10014074372
Persistent link: https://www.econbiz.de/10012991315
A high degree of cyclical synchronization between the new EU member states (NMS) from central and eastern Europe and … the euro area is generally seen as a prerequisite for successful EMU enlargement. This paper investigates comovements … between NMS and the euro area. We first establish stylized facts on economic linkages using dynamic correlation and cohesion …
Persistent link: https://www.econbiz.de/10014064585
One argument for floating the Chinese renminbi (RMB) is to insulate China's monetary policy from the US effect. However, we note that both theoretical considerations and empirical results do not offer a definite answer on the link between exchange rate arrangement and policy dependence. We...
Persistent link: https://www.econbiz.de/10012753957
This working paper was written by Yin-wong Cheung (University of California, Santa Cruz and University of Hong Kong), Dickson Tam (Hong Kong Institute for Monetary Research) and Matthew S. Yiu (Hong Kong Institute for Monetary Research).One argument for floating the Chinese renminbi (RMB) is to...
Persistent link: https://www.econbiz.de/10013405959