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La coopération monétaire régionale est-elle un préalable à l'intégration commerciale de l'Asie ?

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  • Kang-Soek Lee
  • Philippe Saucier
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    Abstract

    This paper assesses the influence of exchange rates volatility among Asian countries on intra-regional trade. Results indicate that exchange rates stabilization through regional monetary cooperation is an important stake, or even a prerequisite, to a deepening of trade integration of the region. Analysis relates volatility, estimated with an ARCH/GARCH process, to trade within a gravitational model.

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    Bibliographic Info

    Article provided by De Boeck Université in its journal Mondes en développement.

    Volume (Year): 130 (2005)
    Issue (Month): 2 ()
    Pages: 95-110

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    Handle: RePEc:cai:meddbu:med_130_0095

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    Web page: http://www.cairn.info/revue-mondes-en-developpement.htm

    Related research

    Keywords: exchange rate; commerce; monetary cooperation; Asia;

    References

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    17. McKenzie, Michael D. & Brooks, Robert D., 1997. "The impact of exchange rate volatility on German-US trade flows," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 7(1), pages 73-87, April.
    18. Mckenzie, Michael D., 1998. "The impact of exchange rate volatility on Australian trade flows," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 8(1), pages 21-38, January.
    19. Chou, W. L., 2000. "Exchange Rate Variability and China's Exports," Journal of Comparative Economics, Elsevier, vol. 28(1), pages 61-79, March.
    20. Giovanni Dell'Ariccia, 1999. "Exchange Rate Fluctuations and Trade Flows: Evidence from the European Union," IMF Staff Papers, Palgrave Macmillan, vol. 46(3), pages 5.
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