Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18888 
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dc.contributor.authorCheung, Yin-Wongen
dc.contributor.authorYuen, Judeen
dc.date.accessioned2009-01-28T15:53:35Z-
dc.date.available2009-01-28T15:53:35Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/18888-
dc.description.abstractThe prospect of creating a currency union consisting of China, Japan, and Korea is evaluatedusing output data. After a brief discussion on the interactions between the three countries, thestudy investigates whether these three countries have common synchronous business cycles,which are perceived as one of the preconditions of a currency union. Then, we assess thepotential costs of giving up monetary policy autonomy to form a currency union. It is foundthat the three national output series tend to move together in the long run and share commonbusiness cycles. While the output loss estimates depend on assumptions used to generateshocks, they tend to be small. However, there are potential conflicts between these countrieson the choice of the policy target of the common monetary authorities.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1250en
dc.subject.jelF41en
dc.subject.jelF33en
dc.subject.ddc330en
dc.subject.keywordcommon stochastic trenden
dc.subject.keywordbusiness cyclesen
dc.subject.keywordoutput lossesen
dc.subject.keywordexchange rate regimeen
dc.subject.keywordAsian economiesen
dc.subject.stwWährungsunionen
dc.subject.stwKonjunkturzusammenhangen
dc.subject.stwKosten-Nutzen-Analyseen
dc.subject.stwChinaen
dc.subject.stwJapanen
dc.subject.stwSüdkoreaen
dc.titleAn output perspective on a northeast Asia currency union-
dc.typeWorking Paperen
dc.identifier.ppn856739162en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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