Please use this identifier to cite or link to this item:
|Title:||Asian monetary integration: A structural VAR approach||Authors:||Zhang, Z.
|Keywords:||East Asian region
Optimum currency area
|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.
checked on Feb 15, 2020
WEB OF SCIENCETM
checked on Feb 7, 2020
checked on Feb 19, 2020
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.