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Assessing co-ordinated Asian exchange rate regimes
Author(s)
Date Issued
2010-01
Date Available
2010-11-22T14:27:32Z
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.
Sponsorship
Not applicable
Type of Material
Working Paper
Publisher
University College Dublin. School of Business. Centre for Financial Markets
Series
Centre for Financial Markets working paper series
WP-09-01
Classification
F02
F31
F33
F42
Subject – LCSH
International finance
Foreign exchange--Asia
Foreign exchange rates--Asia
Language
English
Status of Item
Not peer reviewed
This item is made available under a Creative Commons License
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