Macroeconomic linkages and international shock transmissions in East Asia: A global vector autoregressive approach

References

• Awokuse, T. O., Chopra, A., & Bessler, D. A. (2009). Structural change and international stock market interdependence: Evidence from Asian emerging markets. Economic Modelling, 26, 549–559.10.1016/j.econmod.2008.12.001
   Web of Science ®Google Scholar
• Baharumshah, A. Z., Chan, T. H., Wye, K., & Roy, L. (2007). Dynamic financial linkages of Japan and ASEAN economies: Evidence based on real interest parity. International Journal of Management Studies, 14, 23–48.
   Google Scholar
• Bussière, M., Chudik, A., & Sestieri, G. (2009). Modelling global trade flows: Results from a GVAR model. ECB Working Paper No. 1087. Retrieved from SSRN https://ssrn.com/abstract=1456883
   Google Scholar
• Cesa-Bianchi, A., Pesaran, M. H., Rebucci, A., & Xu, T. T. (2012). China’s emergence in the world economy and business cycles in Latin America. Economía, 12(2), 1–75.
   Google Scholar
• Chan Leong, S., & Felmingham, B. (2003). The interdependence of share markets in the developed economies of East Asia. Pacific-Basin Finance Journal, 11, 219–237.10.1016/S0927-538X(03)00002-7
   Google Scholar
• Dees, S., Mauro, F., Pesaran, M. H., & Smith, L. V. (2007). Exploring the international linkages of the euro area: A global VAR analysis. Journal of Applied Econometrics, 22(1), 1–38.10.1002/(ISSN)1099-1255
   Web of Science ®Google Scholar
• Fleming, J. M. (1962). Domestic financial policies under fixed and under floating exchange rates. Staff Papers-International Monetary Fund, 9, 369–380.10.2307/3866091
   Google Scholar
• Hsiao, F. S. T., Hsiao, M.-C. W., & Yamashita, A. (2003). The impact of the US economy on the Asia-Pacific region: Does it matter? Journal of Asian Economics, 14, 219–241. doi:10.1016/S1049-0078(03)00018-6
   Google Scholar
• Katada, S. N. (2002). Japan and Asian monetary regionalisation: Cultivating a new regional leadership after the Asian financial crisis. Geopolitics, 7, 85–112.10.1080/714000897
   Google Scholar
• Kawai, M. (2005). East Asian economic regionalism: Progress and challenges. Journal of Asian Economics, 16, 29–55. doi:10.1016/j.asieco.2005.01.001
   Google Scholar
• Lee, C., & Azali, M. (2010). Currecy linkages among ASEAN. The Singapore Economic Review, 55, 459–470. doi:10.1142/S0217590810003845
   Web of Science ®Google Scholar
• Lee, G. H.Y., & Azali, M. (2012). Is East Asia an optimum currency area? Economic Modelling, 29, 87–95.10.1016/j.econmod.2011.05.006
   Web of Science ®Google Scholar
• Mazier, J., Oh, Y. H., & Saglio, S. (2008). Exchange rates, global imbalances, and interdependence in East Asia. Journal of Asian Economics, 19, 53–73. doi:10.1016/j.asieco.2007.12.006
   Google Scholar
• Mundell, R. A. (1961). A theory of optimum currency areas. The American Economic Review, 51, 657–665.
   Web of Science ®Google Scholar
• Mundell, R. A. (1963). Capital mobility and stabilization policy under fixed and flexible exchange rates. The Canadian Journal of Economics and Political Science, 29, 475–485.10.2307/139336
   Web of Science ®Google Scholar
• Ozdemir, Z. A., Olgun, H., & Saracoglu, B. (2009). Dynamic linkages between the center and periphery in international stock markets. Research in International Business and Finance, 23, 46–53.10.1016/j.ribaf.2008.05.001
   Google Scholar
• Park, D., & Shin, K. (2010). Can trade with the People’s Republic of China be an engine of growth for developing Asia? Asian Development Review, 27, 160–181.
   Google Scholar
• Pesaran, M. H., Schuermann, T., & Weiner, S. M. (2004). Modeling regional interdependencies using a global error-correcting macroeconometric model. Journal of Business & Economic Statistics, 22, 129–162.10.1198/073500104000000019
   Web of Science ®Google Scholar
• Pesaran, M. Hashem, & Smith, R. (2006). Macroeconometric modelling with a global perspective. The Manchester School, 74, 24–49.10.1111/manc.2006.74.issue-s1
   Web of Science ®Google Scholar
• Petri, P. A. (2006). Is East Asia becoming more interdependent? Journal of Asian Economics, 17, 381–394. doi:10.1016/j.asieco.2006.04.001
   Google Scholar
• Quah, C.-H. (2012). Is East Asia as prepared as eurozone for monetary union? Journal of Business Economics and Management, 13, 471–488.10.3846/16111699.2011.620136
   Web of Science ®Google Scholar
• Quah, C.-H., & Crowley, P. M. (2012). Which country should be the monetary anchor for East Asia: The US, Japan or China? Journal of the Asia Pacific Economy, 17, 94–112.10.1080/13547860.2012.640004
   Web of Science ®Google Scholar
• Selover, D. D. (2004). International co-movements and business cycle transmission between Korea and Japan. Journal of the Japanese and International Economies, 18, 57–83. doi:10.1016/S0889-1583(03)00025-X
   Web of Science ®Google Scholar
• Smith, L., & Galesi, A. (2014). GVAR toolbox 2.0. University of Cambridge: Judge Business School.
   Google Scholar
• Yoshitomi, M., & Shirai, S., & Asian Development Bank Institute. (2000). Technical background paper for policy recommendations for preventing another capital account crisis. Tokyo: Asian Development Bank Institute.
   Google Scholar