Exchange Rate Coordination in Asia: Evidence using the Asian Currency Unit
AbstractThis paper evaluates the extent of exchange rate coordination among Asian economies using a hypothetical Asian Currency Unit. Rising interdependence among Asian economies makes it vital for these economies to have a certain degree of exchange rate stability. However, the empirical evidence using an Asian Currency Unit suggests a widening deviation in exchange rate movements of the Asian currencies. The deviation has been driven by the adoption of different exchange rate regimes by the participating countries indicating diverse policy objectives.
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Bibliographic InfoPaper provided by Asian Development Bank Institute in its series ADBI Working Papers with number 356.
Length: 31 pages
Date of creation: 20 Apr 2012
Date of revision:
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exchange rate coordination; asia; asian currency unit; exchange rate regimes;
Other versions of this item:
- Abhijit Sen Gupta, 2012. "Exchange Rate Coordination in Asia : Evidence using the Asian Currency Unit," Finance Working Papers 23321, East Asian Bureau of Economic Research.
- Abhijit Sen Gupta, 2012. "Exchange Rate Coordination in Asia : Evidence using the Asian Currency Unit," Macroeconomics Working Papers 23321, East Asian Bureau of Economic Research.
- Abhijit Sen Gupta, 2012. "Exchange Rate Coordination in Asia : Evidence using the Asian Currency Unit," Governance Working Papers 23321, East Asian Bureau of Economic Research.
- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-05-02 (All new papers)
- NEP-CWA-2012-05-02 (Central & Western Asia)
- NEP-IFN-2012-05-02 (International Finance)
- NEP-MON-2012-05-02 (Monetary Economics)
- NEP-SEA-2012-05-02 (South East Asia)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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