Monetary integration in east Asia: A hierarchical clustering approach

Quah, Chee-Heong. and Crowley, P.M. (2010) Monetary integration in east Asia: A hierarchical clustering approach. International Finance, 13 (2). pp. 283-309.

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Currently, a number of the fastest growing economies in the world are located in East Asia. Given these countries' dominance in the region, any monetary integration scheme in Asia would likely have to include them. This paper attempts to assess the evolution of convergence among the East Asian countries according to optimum currency area theory operationalized using a hierarchical cluster analysis. The clustering exercise is done for periods before and after the Asian crisis of 1997-98. The results suggest a significant rise in the degree of regional symmetry after the Asian crisis.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
Depositing User: Mr Faizal 2
Date Deposited: 20 Apr 2015 02:57
Last Modified: 20 Apr 2015 02:57

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