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Monetary Coordination in Northeast Asia:An Option for China-Japan-Korea(금융경제연구 제190호)

주제 : 통화
연구조정실(국제경제팀(Tel:02-759-5368)) 2004.09.23 3823

Monetary Coordination in Northeast Asia:An Option for China-Japan-Korea
(금융경제연구 190호)


                                                          <Contents>

Ⅰ. Introduction 2


Ⅱ. A Common Currency for Northeast Asia?: A Structural VAR Approach 4
      1. Methodology 
      2. Data, Estimation, and Results

Ⅲ. Candidates for an OCA in Northeast Asia?: A Generalized-PPP Approach 14
      1. Methodology
      2.The Test of Common Trends and an OCA in Northeast Asia


Ⅳ. A Viable Option for Northeast Asia - China, Japan and Korea 22
      1. Regional Inflation Targeting with a Floating Exchange Rate Regime
      2. A Further Move beyond the Chiang Mai Initiative


Ⅴ. Conclusion 29
<References>
<Korean Executive Summary>

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