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Business Cycle Synchronization in Asia: The Role of Financial and Trade Linkages

Dai, Yuwen - Office of Regional Economic Integration, Asian … - 2014

In this research project, we attempt to examine the behavior of business cycles in Asia in order to deepen our understanding of and expand research on this topic. Given the importance of the People’s Republic of China, Japan, and the United States in the region economy, we use these three...

Persistent link: https://www.econbiz.de/10011096824

A structural modeling of exchange rate, prices and interest rates between Malaysia-China in the liberalization era

Chan, Tze-Haw - Volkswirtschaftliche Fakultät, … - 2011

This study constructs a structural system that allows for possible interactions between the goods and capital markets for Malaysia vis-à-vis China in the liberalization era (1994: Jan to 2011: June). It encompasses the joint hypothesis of Purchasing Power (PPP) and Interest Rate Parity (IRP)...

Persistent link: https://www.econbiz.de/10009277853

Stock Market Liberalisations in the South Asian Region

Husain, Fazal; Qayyum, Abdul - East Asian Bureau of Economic Research (EABER) - 2006

This study attempts to conduct an investigation of the characteristics of the South Asian stock markets including the effects of the opening of these markets. These markets were liberalised in early 1990s as a part of the economic reforms started in theSouth Asian region about two decadesago....

Persistent link: https://www.econbiz.de/10009365401

The proposed eco: should West Africa proceed with a common currency?

Chuku, Chuku - Volkswirtschaftliche Fakultät, … - 2012

This paper investigates the rationality of proceeding with a common currency in West Africa by testing for symmetry and speed of adjustment to four underlying structural shocks among a pair of 66 ECOWAS economies. The findings reveal that there is relatively high degree of symmetry in the...

Persistent link: https://www.econbiz.de/10011110348

Costs and Benefits of Dollarization: Evidence from North, Central, and South America

Karras, Georgios - In: Journal of Economic Integration 17 (2002), pp. 502-516

This paper examines the macroeconomic costs and benefits of dollarization. Economic theory suggests that the main benefit is enhanced price stability, while the main cost is higher business-cycle volatility if the dollarizing country’s output is not sufficiently correlated with that of the...

Persistent link: https://www.econbiz.de/10010840784

Unholy compromise in the Eurozone and how to mend it

Micossi, Stefano - WWWforEurope - 2012

This paper reviews the causes of the ongoing crisis in the eurozone and the policies needed to restore stability in …

Persistent link: https://www.econbiz.de/10010928072

Contagion across Eurozone's sovereign spreads and the Core-Periphery divide

Angelini, Elisabetta Croci; Farina, Francesco; … - Dipartimento di Studi Sullo Sviluppo Economico (DISSE), … - 2014

on the 10 years German Bund within the Eurozone. Empirical evidence drawn from the BIS dataset on banks' portfolios shows … econometric estimates through a GVAR model, where each country's spread depends upon all Eurozone countries' spreads. Results show …/GDP ratio and the REER values with respect to the Eurozone average. Macroeconomic failures in public finances and …

Persistent link: https://www.econbiz.de/10011152391

Differences in Exchange Rate Pass-Through in the Euro Area

Campa, José Manuel; Mìnguez, González; Manuel, Jose - C.E.P.R. Discussion Papers - 2004

This Paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries originating outside the area. Using data on import unit values for 13 different product categories for each country, we estimate industry-specific rates of pass-through across...

Persistent link: https://www.econbiz.de/10005067653

Non-linear adjustment of import prices in the European Union

Campa, José Manuel; González-Mínguez, José M.; … - Banco de España - 2006

This paper focuses on the non linear adjustment of import prices in national currency to shocks in exchange rates and foreign prices measured in the exporters' currency of products originating outside the euro area and imported into European Union countries (EU 15). The paper looks at three...

Persistent link: https://www.econbiz.de/10005022229

Non-linear adjustment of import prices in the European Union

Campa, Jose Manuel; Gonzalez Minguez, Jose M; Sebastia … - Bank of England - 2008

This paper focuses on the non-linear adjustment of import prices in national currency to shocks in exchange rates and foreign prices measured in the exporters' currency of products originating outside the euro area and imported into European Union countries (EU-15). The paper looks at three...

Persistent link: https://www.econbiz.de/10008540564