Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor

This paper applies fuzzy clustering techniques to developed and emerg- ing economies in East Asia, in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed is the one suggested by the Optimal Currency Areas theory, and the peri...

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Detalles Bibliográficos
Autor principal: Chee-Heong Quah
Formato: Artículo científico
Publicado: Centro de Investigación y Docencia Económicas, A.C. 2013
Materias:
Economía y Finanzas
Asia
US
Japan
China
Europe
monetary union
dollar
business cycle
Acceso en línea:http://www.redalyc.org/articulo.oa?id=32329694007
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32329694007oai
Aporte de:
Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO) de Consejo Latinoamericano de Ciencias Sociales
id I16-R122-32329694007oai
record_format dspace
institution Consejo Latinoamericano de Ciencias Sociales
institution_str I-16
repository_str R-122
collection Red de Bibliotecas Virtuales de Ciencias Sociales (CLACSO)
topic Economía y Finanzas
Asia
US
Japan
China
Europe
monetary union
dollar
business cycle
spellingShingle Economía y Finanzas
Asia
US
Japan
China
Europe
monetary union
dollar
business cycle
Chee-Heong Quah
Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor
topic_facet Economía y Finanzas
Asia
US
Japan
China
Europe
monetary union
dollar
business cycle
description This paper applies fuzzy clustering techniques to developed and emerg- ing economies in East Asia, in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed is the one suggested by the Optimal Currency Areas theory, and the period exam- ined includes the recent global crisis. Three alternative monetary anchor coun- tries are proposed, namely the United States, Japan and China, and hence, to an extent, the analysis does indicate the relative importance of the three worlds larg- est economies to East Asia. Due to the endogeneity of the convergence criteria in the eurozone, founding member states of emu are used as a point of reference for East Asia to indicate the level of preparedness for monetary union in this region. Findings indicate that Singapore and Hong Kong are relatively prepared for inte- gration. In addition, results do also signify the dominance of Japan despite the prevalence of the dollar standard in the region.
format Artículo científico
Artículo científico
author Chee-Heong Quah
author_facet Chee-Heong Quah
author_sort Chee-Heong Quah
title Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor
title_short Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor
title_full Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor
title_fullStr Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor
title_full_unstemmed Potential Currency Areas in East Asia using United States, Japan or China as the Monetary Anchor
title_sort potential currency areas in east asia using united states, japan or china as the monetary anchor
publisher Centro de Investigación y Docencia Económicas, A.C.
publishDate 2013
url http://www.redalyc.org/articulo.oa?id=32329694007
http://biblioteca.clacso.edu.ar/gsdl/cgi-bin/library.cgi?a=d&c=mx/mx-010&d=32329694007oai
work_keys_str_mv AT cheeheongquah potentialcurrencyareasineastasiausingunitedstatesjapanorchinaasthemonetaryanchor
bdutipo_str Repositorios
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