http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.
변환된 중국어를 복사하여 사용하시면 됩니다.
- 中文 을 입력하시려면 zhongwen을 입력하시고 space를누르시면됩니다.
- 北京 을 입력하시려면 beijing을 입력하시고 space를 누르시면 됩니다.
RISS 인기검색어
- 검색키워드
- 저자 : Harold Glenn A. Valera (검색결과 1 건)
- 무료
- 기관 내 무료
- 유료
-
Testing the Inflation Convergence among the Original ASEAN Members
Maria Luisa G. Valera a,Harold Glenn A. Valera 한국무역연구원 2014 The International Academy of Global Business and T Vol.10 No.2
This paper examines the inflation linkages in the original ASEAN member countries (ASEAN-5) using time-varying parameters, common trends and tests for weak exogeneity from January 1990 to June 2012. The results using the full sample period indicate no evidence of Singaporean leadership despite increased financial and goods market integration among the ASEAN-5 in recent years. The results reveal evidence of partial convergence in the sub-period when inflation rates are generally stable. The study has two implications. First, the results appear to be consistent with the other studies that despite the obvious financial and goods market integration, ASEAN-5 are not ready to adopt the single currency because they are prioritizing the stability of their domestic currency, as well as, setting inflation targeting to avoid fluctuating price level. These countries also fear losing the monetary flexibility that is associated with the issue of political sovereignty. Second, the costs of monetary integration within its members are high, resulting in the reluctance of economic leaders to have a common institution handling and controlling Asia.
연관 검색어 추천
이 검색어로 많이 본 자료
활용도 높은 자료
