The Research of East Asian Monetary Cooperation Based on Symmetry of Economic Shocks

摘要：

Regional monetary cooperation has been the focus of the international financial sector issues for a long time. And the study on East Asian monetary cooperation has great practical significance to prevent financial crises and to promote regional economic development. This paper establishes VAR model to examine the East Asian economies symmetry of the supply shock and demand shock. The empirical results show that, the symmetry of economic shocks between the East Asian small nations remains high, and in recent years the most notable change is that the symmetry between the East Asian large members represented by China and Japan increases evidently. From this point of view, this paper argues that further monetary cooperation in East Asia should shift from crisis driven cooperation to power driven cooperation.

关键词： Optimal Currency Areas East Asian monetary cooperation symmetry of economic shocks

作者: AN Hui ZHAO Qing LV Xuan

作者单位: School of Economics, Dalian University of Technology, Dalian, China, 116023

会议类型: 国际会议

会议名称: The 3rd (2011) International Conference on Financial Risk and Corporate Finance Management(第三届(2011)金融风险与公司金融国际研讨会FRCFM 2011)

会议地点: 大连

会议语种:英文

页码: 740-746

在线出版日期: 2011-06-30（万方平台首次上网日期，不代表论文的发表时间）