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This paper tries to investigate whether there exist international integrated markets among East Asian economies, by employing the Generalized Purchasing Power Parity (G-PPP) model, then, it would help to suggest whether the East Asian region is the Optimum Currency Area (OCA) or not. The...
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this hypothesis against one of the prime optimal currency area (OCA) theory criteria, namely economic homogeneity with …
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hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis …
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