Asian Currency Baskets: A Useful Surveillance Tool?

• Main Authors: ADAMS, Charles, CHOW, Hwee Kwan
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2007
• 主題: Regional Currency Basket; Exchange Rate Divergence Indicators;Surveillance; Asian Studies; Finance; Macroeconomics
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/1008; https://ink.library.smu.edu.sg/context/soe_research/article/2007/viewcontent/Asian_Currency_Baskets__An_Answer_in_Search_of_a_Question_.pdf
• 機構: Singapore Management University

This paper considers whether an intra-regional currency basket and the associated divergence indicators could play a useful role in official exchange rate surveillance. Recently, proponents of an Asian currency basket have referred to the role the European Currency Unit played in constructing exchan...