International monetary arrangements in the Asia-Pacific before and after

Journal of Asian Economics

Volumn 10, Issue 3, 1999, Pages 361-384

  Chinn, Menzie David ^a   Dooley, Michael P ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

Currency crises; Exchange rate overvaluation; Financial integration

Indexed keywords

EID: 0043098178     PISSN: 10490078     EISSN: None     Source Type: Journal    
DOI: 10.1016/S1049-0078(99)00031-7     Document Type: Article

References (37)

1. Balassa B. The purchasing power parity doctrine a reappraisal . Journal of Political Economy. 72:1964;584-596.
2. Burnside C., Eichenbaum M., Rebelo S. Prospective deficits and the Asian crisis. NBER Working Paper #6758. 1998;National Bureau of Economic Research, Cambridge, MA.
3. Cheung Y.-W., Lai K.S. Finite-sample sizes of Johansen's likelihood ratio tests for cointegration. Oxford Bulletin of Economics and Statistics. 55:(3):1993;313-328.
4. Chinn M.D. Measuring misalignment PPP and East Asian currencies in the 1990s. IMF Working Paper WP/99/120 . 1999;IMF, Washington, D.C.
5. Chinn M.D. On the won and other East Asian currencies. International Journal of Finance and Economics. 4:(2):1999;113-127.
6. Chinn, M.D. (1997). The usual suspects: productivity and demand shocks and Asia-Pacific real exchange rates. NBER Working Paper #6108, Cambridge, MA: National Bureau of Economic Research. Forthcoming, Review of International Economics.
7. Chinn M.D., Dooley M.P. Asia-Pacific capital markets measurement of integration and the implications for economic activity . Ito T., Krueger A.O. Regionalism versus Multilateral Trading Arrangement. 1997;169-196 Chicago University Press for NBER, Chicago.
8. Chinn M.P., Dooley M.P., Shrestha S. Latin America and East Asia in the context of an insurance model of currency crises. Journal of International Money and Finance. 18:(4):1999;659-681.
9. Chinn M.D., Frankel J.A. Financial links around the Pacific Rim 1982-1992 . Glick R., Hutchison M. Exchange Rate Policy and Interdependence Perspectives from the Pacific Basin . 1994;17-26 Cambridge University Press, Cambridge.
10. Chinn M.D., Maloney W.F. Financial and capital account liberalization in the Pacific Basin Korea and Taiwan . International Economic Journal. 12:(1):1998;53-74.
11. Chinn M.D., Meese R.A. Banking on currency forecasts is change in money predictable? Journal of International Economics. 38:(1-2):1995;161-178.
12. Corsetti G., Pesenti P., Roubini N. Paper tigers? A preliminary assessment of the Asian crisis. NBER Working Paper #6783. 1998;National Bureau of Economic Research, Cambridge, MA.
13. Dooley, M.P. (1996). The Tobin Tax: good theory, weak evidence, questionable policy. In M. ul Haq, I. Kaul & I. Grunberg (Eds.), The Tobin Tax: Coping with Financial Volatility (pp. 83-108). Oxford: Oxford University Press.
14. Dooley, M.P. (1998). A model of crises in emerging markets. Forthcoming Economic Journal.
15. Eichengreen, B., & Wyplosz, C. (1993). The unstable EMS. Brookings Papers on Economic Activity 1993(1), 51-143.
16. Flood R.P., Garber P.M. Gold monetization and gold discipline. Journal of Political Economy. 92:1984;90-107.
17. Frankel J.A. On the mark a theory of floating exchange rates based on real interest differentials . American Economic Review. 69:1979;610-622.
18. Frankel J.A., Phillips S., Chinn M.D. Financial and currency integration in the European monetary system the statistical record . Torres F., Giavazzi F. Adjustment and Growth in the European Monetary Union. 1993;270-305 Cambridge University Press/CEPR), Cambridge.
19. Frankel J.A., Rose A.K. A panel project on purchasing power parity mean reversion within and between countries . Journal of International Economics. 40:(1/2):1996;209-224.
20. Furman, J., & Stiglitz, J. (1998). Economic crises: evidence and insights from East Asia. Brookings Papers on Economic Activity 1998 (2).
21. Goldfajn I., Baig T. Monetary policy in the aftermath of currency crises the case of Asia, IMF Working Paper 98/170 . 1998;IMF, Washington, DC.
22. Horvath M., Watson M. Testing for cointegration when some of the cointegrating vectors are prespecified. Econometric Theory. 11:1995;984-1014.
23. Ito, T. (1998).Lessons from the Asian currency crises. Paper presented at the NBER International Finance and Macroeconomics workshop on currency crises, organized by Richard Portes, July 15, 1998. Cambridge, MA.
24. Johansen S. Statistical analysis of cointegrating vectors. Journal of Economic Dynamics and Control. 12:1988;231-254.
25. Johansen S., Juselius K. Maximum likelihood estimation and inference on cointegration - with applications to the demand for money. Oxford Bulletin of Economics and Statistics. 52:1990;169-210.
26. Kaminsky G., Reinhart C. Currency and banking crises the early warnings of distress, International Finance Discussion Paper #629 . 1998;Board of Governors of the Federal Reserve System, Washington, DC.
27. Kaminsky G., Reinhart C. Financial crises in Asia and Latin America then and now. Mimeo . 1998;Board of Governors of the Federal Reserve System, Washington, DC.
28. Krugman P. A model of balance-of-payments crises. Journal of Money, Credit, and Banking. 11:(3):1979;312-325.
29. Lane T., Rojas-Suarez L. Credibility, capital controls, and the EMS. Journal of International Economics. 32:1992;321-337.
30. MacDonald R., Taylor M.P. The monetary model of the exchange rate long-run relationships, short-run dynamics and how to beat a random walk . Journal of International Money and Finance. 13:(3):1994;276-290.
31. Mark N. Exchange rates and fundamentals evidence on long-horizon predictability . American Economic Review. 85:(1):1995;201-218.
32. Obstfeld M. Rational and self-fulfilling balance-of-payments crises. American Economic Review. 76:1986;72-78.
33. Osterwald-Lenum M. A note with fractiles of the asymptotic distribution of the maximum likelihood cointegration rank test statistics four cases . Oxford Bulletin of Economics and Statistics. 54:1992;461-472.
34. Radelet S., Sachs J. The onset of the East Asian financial crisis. Brookings Papers on Economic Activity. 1998:(1):1998;1-90.
35. Sachs J., Tornell A., Velasco A. Financial crises in emerging markets the lessons from 1995 . Brookings Papers on Economic Activity. 1996:(1):1996;147-215.
36. Samuelson P. Theoretical notes on trade problems. Review of Economics and Statistics. 46:1964;145-154.
37. Tseng W., Corker R. Financial Liberalization, Money Demand, and Monetary Policy in Asian Countries, Occasional Paper 84. 1991;IMF, Washington, D.C.