In this paper, I examine to what extent Asian exchange rates are coordinated around a synthetic Asian Currency Unit (ACU) defined as a basket of Asian currencies. Using a VAR model, the results provide some evidence of stabilization among Asian exchange rates around the ACU. Although the US...

In this paper, I examine the extent to which the Asian exchange rates are coordinated around a synthetic Asian Currency Unit (ACU) defined as a basket of the Asian currencies. Using a VAR model, the results provide some evidence of stabilization among the Asian exchange rates around the ACU....

In this paper, I examine the extent to which the Asian exchange rates are coordinated around a synthetic Asian Currency Unit (ACU) defined as a basket of the Asian currencies. Using a VAR model, the results provide some evidence of stabilization among the Asian exchange rates around the ACU....