Monetary integration in east Asia: A hierarchical clustering approach
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...
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| Format: | Article |
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Blackwell Publishing
2010
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| _version_ | 1796946555502067712 |
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| author | Quah, Chee-Heong. Crowley, P.M. |
| author_facet | Quah, Chee-Heong. Crowley, P.M. |
| author_sort | Quah, Chee-Heong. |
| collection | UM |
| description | 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. |
| first_indexed | 2024-03-06T05:33:34Z |
| format | Article |
| id | um.eprints-13343 |
| institution | Universiti Malaya |
| last_indexed | 2024-03-06T05:33:34Z |
| publishDate | 2010 |
| publisher | Blackwell Publishing |
| record_format | dspace |
| spelling | um.eprints-133432015-04-20T02:57:25Z http://eprints.um.edu.my/13343/ Monetary integration in east Asia: A hierarchical clustering approach Quah, Chee-Heong. Crowley, P.M. H Social Sciences (General) 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. Blackwell Publishing 2010 Article PeerReviewed Quah, Chee-Heong. and Crowley, P.M. (2010) Monetary integration in east Asia: A hierarchical clustering approach. International Finance, 13 (2). pp. 283-309. |
| spellingShingle | H Social Sciences (General) Quah, Chee-Heong. Crowley, P.M. Monetary integration in east Asia: A hierarchical clustering approach |
| title | Monetary integration in east Asia: A hierarchical clustering approach |
| title_full | Monetary integration in east Asia: A hierarchical clustering approach |
| title_fullStr | Monetary integration in east Asia: A hierarchical clustering approach |
| title_full_unstemmed | Monetary integration in east Asia: A hierarchical clustering approach |
| title_short | Monetary integration in east Asia: A hierarchical clustering approach |
| title_sort | monetary integration in east asia a hierarchical clustering approach |
| topic | H Social Sciences (General) |
| work_keys_str_mv | AT quahcheeheong monetaryintegrationineastasiaahierarchicalclusteringapproach AT crowleypm monetaryintegrationineastasiaahierarchicalclusteringapproach |