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Social and Behavioral Sciences Commons

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Economics

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Selected Works

2015

Cointegration

Articles 1 - 2 of 2

Full-Text Articles in Social and Behavioral Sciences

It's Not Yen, Euro Or Koala Bloc: Greenback Is Still Dominant In East Asia, Gulasekaran Rajaguru, Ahmed Khalid, Frank Barbera Mar 2015

It's Not Yen, Euro Or Koala Bloc: Greenback Is Still Dominant In East Asia, Gulasekaran Rajaguru, Ahmed Khalid, Frank Barbera

Ahmed Khalid

Given the nature of East Asia’s economic structure, interregional exchange rate stability is an essential requirement for regional economic integration. One way to achieve exchange rate stability is for the region to adopt an anchor currency. However, the choice of a potential anchor is an important question for policy planners. This paper examines the role of 5 major currencies as candidates for an anchor currency in the East Asian region. In particular, the paper examines the dynamic linkages between a selected sample of East Asian currencies with each potential anchor currency, the Australian dollar, Japanese yen, euro, US dollar and …


It's Not Yen, Euro Or Koala Bloc: Greenback Is Still Dominant In East Asia, Gulasekaran Rajaguru, Ahmed Khalid, Frank Barbera Mar 2015

It's Not Yen, Euro Or Koala Bloc: Greenback Is Still Dominant In East Asia, Gulasekaran Rajaguru, Ahmed Khalid, Frank Barbera

Gulasekaran Rajaguru

Given the nature of East Asia’s economic structure, interregional exchange rate stability is an essential requirement for regional economic integration. One way to achieve exchange rate stability is for the region to adopt an anchor currency. However, the choice of a potential anchor is an important question for policy planners. This paper examines the role of 5 major currencies as candidates for an anchor currency in the East Asian region. In particular, the paper examines the dynamic linkages between a selected sample of East Asian currencies with each potential anchor currency, the Australian dollar, Japanese yen, euro, US dollar and …