OPTIMUM CURRENCY AREA CRITERIA AND VOLATILITY IN ASEAN

被引：0

作者：

Masron, Tajul Ariffin ^{[1
]}

Yusop, Zulkornain ^{[2
]}

机构：

[1] Univ Sains Malaysia, Sch Management, George Town 11800, Pinang, Malaysia

[2] Univ Putra Malaysia, Fac Econ & Management, Serdang 43400, Selangor, Malaysia

来源：

ASIAN ACADEMY OF MANAGEMENT JOURNAL OF ACCOUNTING AND FINANCE | 2006年 / 2卷 / 02期

关键词：

optimum currency area; bilateral trade; exchange rate volatility; asymmetric shock; size;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The goal of regional integration is to promote greater macroeconomic coordination, and reduce the degree of macroeconomic volatility, in particular exchange rate fluctuations. This paper investigates how well optimum currency area (OCA) variables will work in the context of the ASEAN region when the Singapore Dollar, given its relative stability, is used as an anchor currency. The results indicate that OCA variables play an important role in explaining bilateral exchange rate volatility. In addition, exchange rate volatility exerts a negative impact on bilateral trade and gross domestic product (GDP). It is also a source of divergence among ASEAN members.

引用

页码：1 / 17

页数：17

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