The Cointegration of Asian Currencies Revisited
This paper examines the cointegration of the currencies of the following seven Asian countries: Japan, Malaysia, Philippines, Singapore, Thailand, South Korea and Taiwan. We find that if the Korean won and the new Taiwan dollar are excluded from the system, the remaining currencies are not cointegra...
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1997
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sg-smu-ink.soe_research-13902010-09-23T05:48:03Z The Cointegration of Asian Currencies Revisited TSE, Yiu Kuen Ng, L. K. This paper examines the cointegration of the currencies of the following seven Asian countries: Japan, Malaysia, Philippines, Singapore, Thailand, South Korea and Taiwan. We find that if the Korean won and the new Taiwan dollar are excluded from the system, the remaining currencies are not cointegrated. Otherwise, there is cointegration among the currencies. Thus, there is evidence in support of the formation of a yen-dominated Asian exchange rate system, or the ‘yen bloc.’ 1997-01-01T08:00:00Z text https://ink.library.smu.edu.sg/soe_research/391 info:doi/10.1016/s0922-1425(96)00239-3 Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Economics |
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Singapore Management University |
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SMU Libraries |
| continent |
Asia |
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Singapore Singapore |
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InK@SMU |
| language |
English |
| topic |
Economics |
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Economics TSE, Yiu Kuen Ng, L. K. The Cointegration of Asian Currencies Revisited |
| description |
This paper examines the cointegration of the currencies of the following seven Asian countries: Japan, Malaysia, Philippines, Singapore, Thailand, South Korea and Taiwan. We find that if the Korean won and the new Taiwan dollar are excluded from the system, the remaining currencies are not cointegrated. Otherwise, there is cointegration among the currencies. Thus, there is evidence in support of the formation of a yen-dominated Asian exchange rate system, or the ‘yen bloc.’ |
| format |
text |
| author |
TSE, Yiu Kuen Ng, L. K. |
| author_facet |
TSE, Yiu Kuen Ng, L. K. |
| author_sort |
TSE, Yiu Kuen |
| title |
The Cointegration of Asian Currencies Revisited |
| title_short |
The Cointegration of Asian Currencies Revisited |
| title_full |
The Cointegration of Asian Currencies Revisited |
| title_fullStr |
The Cointegration of Asian Currencies Revisited |
| title_full_unstemmed |
The Cointegration of Asian Currencies Revisited |
| title_sort |
cointegration of asian currencies revisited |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
1997 |
| url |
https://ink.library.smu.edu.sg/soe_research/391 |
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1770569123217014784 |