An Asian Monetary Union?
This study examines the validity of the long run purchasing power parity (PPP) hypothesis using a battery of both univariate and panel unit root tests for 10 Asian countries against Chinese Yuan and Japanese Yen. We found evidence against mean reverting when Yuan is used as the numeraire while stron...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EbscoHost
2012
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17973/ http://ir.unimas.my/id/eprint/17973/1/Evan%20Lau.pdf |