Please use this identifier to cite or link to this item: https://doi.org/10.1016/S0378-4754(03)00110-1
Title: Asian monetary integration: A structural VAR approach
Authors: Zhang, Z. 
Sato, K.
McAleer, M.
Keywords: East Asian region
Exchange rate
Optimum currency area
Vector autoregressions
Issue Date: 2004
Citation: Zhang, Z., Sato, K., McAleer, M. (2004). Asian monetary integration: A structural VAR approach. Mathematics and Computers in Simulation 64 (3-4) : 447-458. ScholarBank@NUS Repository. https://doi.org/10.1016/S0378-4754(03)00110-1
Abstract: This paper examines whether forming an optimum currency area (OCA) is viable for the East Asian region by testing the symmetry of underlying structural shocks. A structural vector autoregression (VAR) method is used to identify the underlying shocks and to examine the correlation in shocks for specified sample periods. Decomposition of the variance of shocks and impulse response analysis are used to examine the size and the speed of adjustments to shocks. The results imply that some sub-regions are potential candidates for forming OCAs, as their shocks are correlated and small, and the economies adjust rapidly to such shocks. © 2003 IMACS. Published by Elsevier B.V. All rights reserved.
Source Title: Mathematics and Computers in Simulation
URI: http://scholarbank.nus.edu.sg/handle/10635/22460
ISSN: 03784754
DOI: 10.1016/S0378-4754(03)00110-1
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

14
checked on Oct 18, 2018

WEB OF SCIENCETM
Citations

7
checked on Oct 2, 2018

Page view(s)

294
checked on Sep 29, 2018

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.