Sato, Kiyotaka; Zhang, Zhaoyong; Allen, David - In: Mathematics and Computers in Simulation (MATCOM) 79 (2009) 9, pp. 2927-2937
The issue of whether or not to form a monetary union in East Asia remains a hot issue in the study of the East Asian economies. Most of the existing studies apply a framework focusing on the symmetric issue of the fundamental shocks and the extent of correlations by applying the Blanchard and...