Browsing Centre for Financial Markets Working Papers by Author "Kearney, Colm"

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Can the traditional Asian US dollar peg exchange rate regime be extended to include the Japanese yen?

Kearney, Colm ; Muckley, Cal (University College Dublin. School of Business. Centre for Financial Markets, 2006-06)

Using daily data for a select set of four Asian exchange rates, namely the Hong Kong dollar, the Singapore dollar, the Taiwan dollar and the Thailand baht, from October 1985 to October 2002, we apply principal components ...
Is North and South East Asia becoming a Yen block?

Kearney, Colm ; Muckley, Cal (University College Dublin. School of Business. Centre for Financial Markets, 2005)

We examine the evidence of an emerging yen block in North and Southeast Asia using up to 27 years of weekly data on 9 bilateral yen exchange rates. The exchange rate returns are modelled in response to variations in their ...
Reassessing the evidence of an emerging Yen block in North and Southeast Asia

Kearney, Colm ; Muckley, Cal (University College Dublin. School of Business. Centre for Financial Markets, 2005-05)

Using weekly observations on 9 Asian currencies from November 1976 to December 2003, we re-examine the evidence of an emerging yen block in North and Southeast Asia. In contrast to previous research that assumes instantaneous ...