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Persistent link: https://www.econbiz.de/10000855537
Australian dollar, Japanese yen, euro, US dollar and Chinese renminbi. Utilizing a recently developed test procedure which … debated emergence of a yen bloc, euro bloc, or koala bloc. The empirical evidence brought forward in this paper suggests that …
Persistent link: https://www.econbiz.de/10013044176
Persistent link: https://www.econbiz.de/10001587736
Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation …, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely … peg to the dollar. Since 1980, economic integration among Japan's neighbors - China, Hong Kong, Indonesia, Korea, Malaysia …
Persistent link: https://www.econbiz.de/10012729281
Because many authors have proposed stimulating the ailing Japanese economy by monetary expansion and yen depreciation …, we explore the repercussions of depreciating the yen against the dollar on the other East Asian economies - which largely … peg to the dollar. Since 1980, economic integration among Japan's neighbours - China, Hong Kong, Indonesia, Korea …
Persistent link: https://www.econbiz.de/10014075471
Persistent link: https://www.econbiz.de/10003176759
yen/dollar exchange rate are the principal causal factor behind the export and business cycles in East Asian countries … dynamics. Second, although McKinnon and Schnabl assume that the relative industrial competitiveness of Japan and other East … Asian countries moves in tandem with fluctuations in the nominal yen/dollar exchange rate, the empirical validity of this …
Persistent link: https://www.econbiz.de/10014060886
The paper analyses the trade-off between exchange rate flexibility and monetary policy autonomy. It tests empirically the "Possible Duality" hypothesis, i.e. whether countries with more flexible currency regimes are indeed able to exert more monetary policy autonomy than those with less flexible...
Persistent link: https://www.econbiz.de/10013320230
Persistent link: https://www.econbiz.de/10001726984