As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...

This study shows that, among the two crisis periods of 1997, January-March and September-November, the spot market interventions were effective in stabilizing the Korean currency in the first period, whereas there is no evidence that the forward market interventions were effective in either of...

This paper examines different properties of the regional currency unit (RCU) in Asia and estimates the value of the RCU as a weighted average of East Asian currencies according to the method used to calculate the ECU under the EMS. The basket feature of the RCU yields benefits and costs. First,...

This study shows that, among the two crisis periods of 1997, January-March and September-November, the spot market interventions were effective in stabilizing the Korean currency in the first period, whereas there is no evidence that the forward market interventions were effective in either of...

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...

Korean Abstract: 1998년 동아시아 외환위기 발생 이후 역내 차원의 유동성 지원 등을 비롯한 금융협력 강화의 필요성이 대두되었다. 이에 따라 2000년 ASEAN+3 재무장관회의에서 치앙마이 이니셔티브(CMI: Chinag Mai Initiative)를...

As cross-border movements of goods, capital, and labor are intensifying, it is likely that goods markets in East Asia will become increasingly integrated. This study investigates the current state of goods market integration in East Asia by measuring the extent of cross-border price...

Korean Abstract: 본 논문은 1997년 우리나라 외환위기의 전개과정에서 한국은행의 외환시장 개입정책을 평가하기 위해 일별외환시장 개입데이터를 이용해 현물환과 선물환시장 개입의 효과를 실증적으로 분석하였다. 그 결과를...