Exporter's price‐setting behaviour and currency invoicing play a key role in the literature on the new open‐economy macroeconomics. This paper estimates exchange rate pass …
N Yoshino, S Kaji, T Asonuma - The Singapore Economic Review, 2012 - World Scientific
This paper determines whether adopting the basket-peg rather than the floating regime is optimal for emerging market countries. Under the basket-peg regime, there is a trade-off …
N Yoshino, S Kaji, T Asonuma - Journal of Asian Economics, 2016 - Elsevier
Motivated by the observation that when China broke from its US dollar peg in 2005, Malaysia and Singapore likewise loosened their currency ties to the US dollar, this paper …
H Fujiki, A Terada-Hagiwara - 2007 - researchgate.net
This paper examines the degree of integration into world financial markets and the impacts on several key macroeconomic variables of selected East Asian economies, and draws …
WL Teo - Journal of the Japanese and International Economies, 2009 - Elsevier
Growing concern that a dollar peg exposes East Asian economies to fluctuations in the dollar–yen exchange rate has stimulated research on currency basket regimes as …
J Xu - Journal of International Money and Finance, 2011 - Elsevier
This paper explores the theory of optimal currency basket in a small open economy general equilibrium model with sticky prices. In contrast to existing literature, we focus on an …
N Yoshino, S Kaji, T Asonuma - Asian Development Review, 2016 - direct.mit.edu
We propose a new dynamic transition analysis on the basis of a small open economy dynamic stochastic general equilibrium model. Our proposed analysis differs from existing …
N Yoshino, S Kaji, T Asonuma - Journal of International Commerce …, 2015 - World Scientific
This paper discusses adjustments of capital account restrictions and exchange rate regimes in East Asia. Monetary authorities have two options for these adjustments: Gradual …