Tests of microeconomic foundations of Asian common currency areas
The formation of the euro bloc sparked renewed interest in other potential common currency areas. Swofford [Swofford, J. L. (2000). Microeconomic foundations of an optimal currency area. Review of Financial Economics, 9, 121-128] set forth some microeconomic foundations for a common currency area. In this paper, some results from tests of these microeconomic foundations for various hypothesized Asian common currency areas are presented. These results can be viewed as broadly favorable for the formation of some Asian common currency areas.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
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.:
- Swofford, James L., 2000. "Microeconomic foundations of an optimal currency area," Review of Financial Economics, Elsevier, vol. 9(2), pages 121-128, December.
- Feenstra, Robert C., 1986. "Functional equivalence between liquidity costs and the utility of money," Journal of Monetary Economics, Elsevier, vol. 17(2), pages 271-291, March.
- Barnett, William A., 2003.
"Aggregation-theoretic monetary aggregation over the euro area, when countries are heterogeneous,"
Working Paper Series
0260, European Central Bank.
- William A. Barnett, 2003. "Aggregation-Theoretic Monetary Aggregation over the Euro Area, when Countries are Heterogeneous," Macroeconomics 0309018, EconWPA.
- Andrew K. Rose & Eric van Wincoop, 2001. "National Money as a Barrier to International Trade: The Real Case for Currency Union," American Economic Review, American Economic Association, vol. 91(2), pages 386-390, May.
- Dutta, M., 2000. "The euro revolution and the European Union: monetary and economic cooperation in the Asia-Pacific region," Journal of Asian Economics, Elsevier, vol. 11(1), pages 65-88.
- Swofford, James L & Whitney, Gerald A, 1987. "Nonparametric Tests of Utility Maximization and Weak Separability for Consumption, Leisure and Money," The Review of Economics and Statistics, MIT Press, vol. 69(3), pages 458-64, August.
- Varian, Hal R, 1982. "The Nonparametric Approach to Demand Analysis," Econometrica, Econometric Society, vol. 50(4), pages 945-73, July.
- James Swofford, 2005. "Tests of microeconomic foundations of a North American common currency area," Canadian Journal of Economics, Canadian Economics Association, vol. 38(2), pages 420-429, May.
- Swofford, James L & Whitney, Gerald A, 1986. "Flexible Functional Forms and the Utility Approach to the Demand for Money: A Nonparametric Analysis: A Note," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 18(3), pages 383-89, August.
When requesting a correction, please mention this item's handle: RePEc:eee:asieco:v:19:y:2008:i:3:p:254-258. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.