AN ASIAN MONETARY UNION?

被引：0

作者：

Lau, Evan ^{[1
]}

Hamzah, Siti Nur Zahara

Choong, Xin-Yi ^{[1
]}

机构：

[1] Univ Malaysia Sarawak, Fac Econ & Business, Dept Econ, Sarawak, Malaysia

来源：

ACTUAL PROBLEMS OF ECONOMICS | 2012年 / 132期

关键词：

real exchange rate; China; Japan; Asian; 10; Asian Monetary Union; PURCHASING POWER PARITY; REAL EXCHANGE-RATES; OPTIMUM CURRENCY AREA; ROOT TESTS; PANEL-DATA; MEAN REVERSION; STATIONARITY; ECONOMIES; YEN;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study examines the validity of the long-run purchasing power parity (PPP) hypothesis using a battery of both univariate and panel unit root tests for 10 Asian countries against Chinese Yuan and Japanese Yen. We found evidence against mean reverting when Yuan is used as the numeraire while stronger evidence of the parity condition with the Yen-based rates based on Breuer et al. (2002, SURADF). The initiation of the Asian Monetary Union may be foreseeable with Japan as the leader, it could start off with selected countries.

引用

页码：387 / 397

页数：11

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