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A Monetary Union In East Asia: What Does The Common Cycles Approach Tell?, K Sato, David E. Allen, Zhaoyong Zhang
A Monetary Union In East Asia: What Does The Common Cycles Approach Tell?, K Sato, David E. Allen, Zhaoyong Zhang
Zhaoyong Zhang
There is controversy about whether a monetary union is feasible in the East Asian region. Amongst the criteria for establishing a monetary union, most of the existing studies focus on the symmetric issue of fundamental shocks and the extent of correlations by applying the Blanchard and Quah (1989) structural vector autoregression (VAR) technique, which includes the firstdifferenced variables in the model and examines only bilateral relationships. When forming a monetary union, the member countries need to renounce their monetary policy autonomy. If shocks to respective economies are symmetric, the cost of relinquishing the discretionary monetary policy is likely to be …
Dynamic Co-Movements And Diversification Benefits Among The Greater China Region, The Uk And The Us Equity Markets, Francesco Guidi, Christos Savva
Dynamic Co-Movements And Diversification Benefits Among The Greater China Region, The Uk And The Us Equity Markets, Francesco Guidi, Christos Savva
Francesco Guidi
No abstract provided.