文章基本信息

标题：Monetary anchor for East Asia: Japan or United States?
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作者：Chee-Heong Quah ; Patrick M. Crowley ; Mohd. Nazari Ismail 等
期刊名称：African Journal of Business Management
印刷版ISSN：1993-8233
出版年度：2010
卷号：4
期号：6
页码：1048-1058
语种：English
出版社：Academic Journals
摘要：In this paper we apply the optimum currency area (OCA) criteria to assess the suitability of whether the United States or Japan would best serve as monetary anchor country for East Asian countries. The criteria used are trade openness, business cycle synchronisation, exchange rate volatility, inflation convergence, and interest rate cycle synchronisation. The ‘performance’ of these two potential monetary anchor countries is compared for three different economic periods: the pre-crisis, the crisis, and the post-crisis period. Based on ratings of 16 countries in the region, results suggest that the United States might be the more fitting candidate to be the anchor country.
关键词：Optimum currency area;Asia;monetary union;business cycle;Japan;anchor currency