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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 …
Persistent link: https://www.econbiz.de/10011401335
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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 …
Persistent link: https://www.econbiz.de/10002058355
After the political unification of Hong Kong with China, Hong Kong is supposed to function as a separate economic … currency area (OCA) and adopts two techniques over a range of economic variables to test whether Mainland China and Hong Kong … China, driven by trade. This seems to be consistent with the actual trajectory of economic integration. However, all other …
Persistent link: https://www.econbiz.de/10012729271
The paper explores the behavior of the long-run real exchange rate (RER) of Hong Kong SAR and China by testing the … suggest (1) at present, Hong Kong SAR and China do not satisfy the conditions necessary for forming an optimal currency area …-run elasticity between the RERs of Hong Kong SAR and China is negative …
Persistent link: https://www.econbiz.de/10013317687