Assessing co-ordinated Asian exchange rate regimes

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dc.contributor.author Aggarwal, Raj
dc.contributor.author Muckley, Cal
dc.date.accessioned 2010-11-22T14:27:32Z
dc.date.available 2010-11-22T14:27:32Z
dc.date.issued 2010-01
dc.identifier.uri http://hdl.handle.net/10197/2567
dc.description.abstract This study assesses prospective Asian exchange rate regimes and finds short- and longrun currency dynamics more conducive to the introduction of a common peg based on a basket of the European euro, the United States dollar and the Japanese yen than the alternative of a United States dollar peg exchange rate regime. Exchange rate systems of 3- 4- and 5- Asian currencies are considered and the dynamics in a set of four European currencies prior to the introduction of the Euro provides benchmark evidence. The evidence for an Asian basket peg exchange rate regime is strengthened when, unlike prior studies, estimates of the long-run parameters account for time-varying volatility effects. en
dc.description.sponsorship Not applicable en
dc.format.extent 651540 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher University College Dublin. School of Business. Centre for Financial Markets en
dc.relation.ispartofseries Centre for Financial Markets working paper series en
dc.relation.ispartofseries WP-09-01 en
dc.relation.requires Economists Online Collection en
dc.relation.uri Assessing co-ordinated Asian exchange rate regimes (2007)
dc.relation.uri http://hdl.handle.net/10197/1180
dc.subject Asia en
dc.subject Basket exchange rates
dc.subject Currency pegs
dc.subject Exchange rate regimes
dc.subject.classification F02
dc.subject.classification F31
dc.subject.classification F33
dc.subject.classification F42
dc.subject.lcsh International finance
dc.subject.lcsh Foreign exchange--Asia
dc.subject.lcsh Foreign exchange rates--Asia
dc.title Assessing co-ordinated Asian exchange rate regimes en
dc.type Working Paper en
dc.internal.availability Full text available
dc.internal.webversions Publisher's version
dc.internal.webversions http://www.ucd.ie/bankingfinance/docs/wp/WP-09-01.pdf
dc.status Not peer reviewed en
dc.neeo.contributor Aggarwal |Raj|aut| en
dc.neeo.contributor Muckley|Calaut| en


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