The Asian Currency Unit, Deviation Indicators, and Exchange Rate Coordination in East Asia: A Panel-Based Convergence Approach

Published By: Asian Development Bank Institute | Published Date: October, 01 , 2015

Employing the panel convergence method of Phillips and Sul (2007) to the nominal deviation indicators of two recent unofficial constructions of the Asian Currency Unit (ACU) index, this paper examines the existence and extent of convergence in the movements of East Asian currencies against the ACU.

Author(s): Kefei You, Victor Pontines | Posted on: Dec 29, 2015 | Views() | Download (100)

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