This paper attempts to make a contribution to the recent search for a suitable assessment of the economic feasibility of a higher degree of monetary cooperation in East Asia. By using a structural vector autoregression approach as well as a generalized purchasing power parity approach, we find...

This paper reports evidence that the aggregate profit of the U.S. manufacturing industry is affected by fluctuations in the real exchange rate of the dollar. Using quarterly data covering the 1975Q1-1993Q4 period, regression of the manufacturing profit on the exchange rate and other key...