Showing 1 - 10 of 57
The paper deals with the questions of why Asian monetary and financial cooperation has not proceeded rapidly even though the countries have discussed this issue for so long and how to overcome this problem. The authors identify the lack of a common vision and a roadmap for monetary integration...
Persistent link: https://www.econbiz.de/10009363902
test the exchange rate effect. We find that exchange rate changes and volatility have little influence on trade volume in …
Persistent link: https://www.econbiz.de/10009363907
, we investigate the effects of capital inflows on domestic price level, monetary expansion and exchange rate volatility … volatility. …
Persistent link: https://www.econbiz.de/10009363920
, intervention and other quantitative measures, and of Central Bank communication on exchange rate volatility. Since India has a …
Persistent link: https://www.econbiz.de/10009363921
The Asian financial crisis increased economic disparities in the East Asian region, thus making monetary integration more difficult, but rekindled political interest in Asian monetary and exchange rate cooperation. This paper applies the theory of Generalized Purchasing Power Parity (G-PPP),...
Persistent link: https://www.econbiz.de/10009363934
values. Under correct incentives, such as provided by a middling exchange rate regime, which imparts limited volatility to …
Persistent link: https://www.econbiz.de/10009363977
associated with the exchange rate changes across export destination markets. Exports that are substitutes for local products …
Persistent link: https://www.econbiz.de/10009363982
This paper investigates the RMB exchange rate from a long-run viewpoint. Whether Chinas rapid economic growth brought about real exchange rate appreciation between 1975 and 2002 is empirically examined, based on a supply-side model, the BalassaSemuelson Hypothesis (BSH). The same test is...
Persistent link: https://www.econbiz.de/10009363987
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,...
Persistent link: https://www.econbiz.de/10009363988
The objective of this paper is see how well Singapores exchange rate regime has coped with exchange rate volatility … volatility of the nominal effective exchange rate (NEER) and the bilateral rate against the US$ against some counterfactual … of volatility for the actual and simulated exchange rate regimes. Our findings confirm that Singapores managed floating …
Persistent link: https://www.econbiz.de/10009363991