Lee, Jong-Wha (contributor); Pak, YĹng-chĹl (contributor); ⌠- 2003 - [Elektronische Ressource]
This paper investigates prospects of a currency union in East Asia, focusing on trade and financial integration occurring in the region. We find, based on a dynamic factor model, regional common shocks have been quantitatively important for output variations in the Asian economies. We expect...