An Asian Monetary Union?
This study examines the validity of the long run purchasing power parity (PPP) hypothesis using a battery of both univariate and panel unit root tests for 10 Asian countries against Chinese Yuan and Japanese Yen. We found evidence against mean reverting when Yuan is used as the numeraire while stron...
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my.unimas.ir.179732022-01-24T02:17:52Z http://ir.unimas.my/id/eprint/17973/ An Asian Monetary Union? Lau, Evan Siti Nur Zahara, Hamzah Choong, Xin-Yi H Social Sciences (General) This study examines the validity of the long run purchasing power parity (PPP) hypothesis using a battery of both univariate and panel unit root tests for 10 Asian countries against Chinese Yuan and Japanese Yen. We found evidence against mean reverting when Yuan is used as the numeraire while stronger evidence of the parity condition with the Yen based rates based on Breuer et al. (2002, SURADF). The initiation of the Asian Monetary Union may be foreseeable with Japan as the leader, it could start off with selected countries. EbscoHost 2012 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17973/1/Evan%20Lau.pdf Lau, Evan and Siti Nur Zahara, Hamzah and Choong, Xin-Yi (2012) An Asian Monetary Union? Actual problems of economics (6). pp. 387-397. ISSN 1993-6788 |
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Asia |
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Malaysia |
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Universiti Malaysia Sarawak |
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| language |
English |
| topic |
H Social Sciences (General) |
| spellingShingle |
H Social Sciences (General) Lau, Evan Siti Nur Zahara, Hamzah Choong, Xin-Yi An Asian Monetary Union? |
| description |
This study examines the validity of the long run purchasing power parity (PPP) hypothesis using a battery of both univariate and panel unit root tests for 10 Asian countries against Chinese Yuan and Japanese Yen. We found evidence against mean reverting when Yuan is used as the numeraire while stronger evidence of the parity condition with the Yen based rates based on Breuer et al. (2002, SURADF). The initiation of the Asian Monetary Union may be foreseeable with Japan as the leader, it could start off with selected countries. |
| format |
Article |
| author |
Lau, Evan Siti Nur Zahara, Hamzah Choong, Xin-Yi |
| author_facet |
Lau, Evan Siti Nur Zahara, Hamzah Choong, Xin-Yi |
| author_sort |
Lau, Evan |
| title |
An Asian Monetary Union? |
| title_short |
An Asian Monetary Union? |
| title_full |
An Asian Monetary Union? |
| title_fullStr |
An Asian Monetary Union? |
| title_full_unstemmed |
An Asian Monetary Union? |
| title_sort |
asian monetary union? |
| publisher |
EbscoHost |
| publishDate |
2012 |
| url |
http://ir.unimas.my/id/eprint/17973/1/Evan%20Lau.pdf http://ir.unimas.my/id/eprint/17973/ |
| _version_ |
1724078502678888448 |
| score |
13.154949 |