Economic Interdependence, Relative Gains, and International Cooperation: The Case of Monetary Policy Coordination

1994 ◽  
Vol 38 (3) ◽  
pp. 475 ◽  
Author(s):  
Motoshi Suzuki
Keyword(s):  
Monetary Policy ◽  
International Cooperation ◽  
Policy Coordination ◽  
Economic Interdependence ◽  
Monetary Policy Coordination ◽  
Relative Gains

Implementable Rules for International Monetary Policy Coordination

2020 ◽  
Vol 68 (1) ◽  
pp. 108-162 ◽  
Author(s):  
Michael B. Devereux ◽  
Charles Engel ◽  
Giovanni Lombardo
Keyword(s):  
Monetary Policy ◽  
Policy Coordination ◽  
International Monetary Policy ◽  
Monetary Policy Coordination

scholarly journals MONETARY POLICY COOPERATION TO SUPPORT ASIAN ECONOMIC INTEGRATION

2010 ◽  
Vol 55 (01) ◽  
pp. 83-101 ◽  
Author(s):  
HWEE KWAN CHOW ◽  
PETER NICHOLAS KRIZ ◽  
ROBERTO S. MARIANO ◽  
AUGUSTINE H. H. TAN
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
East Asia ◽  
Financial Integration ◽  
Type System ◽  
Institutional Development ◽  
Policy Coordination ◽  
Regional Institutions ◽  
Monetary Unit ◽  
Monetary Policy Coordination

This paper considers the form of monetary policy coordination and regional exchange rate arrangement that would best support economic and financial integration in East Asia. In view of the region's economic diversity, we propose a graduated program of informal policy cooperation from weak forms of cooperation to more intensive modes of cooperation such as the adoption of common monetary policy objectives. An array of informal monetary arrangements rooted to the degree of institutional development can improve the effectiveness of both sovereign and regional institutions, and promote integration in East Asia. Drawing upon the European experience with the Exchange Rate Mechanism (ERM), we conclude that East Asia should first embark on other forms of integration to aid in the development of a high degree of real and nominal convergence amongst the regional countries. Only then would an ERM-type system that employs a regional monetary unit become more sustainable and less susceptible to speculative currency attacks in the region.

scholarly journals INTENSITAS PERDAGANGAN DAN KESELARASAN SIKLUS BISNIS DI ASEAN-4 DAN UNI EROPA *

2011 ◽  
Vol 12 (2) ◽  
pp. 163
Author(s):  
Etty Puji Lestari
Keyword(s):  
Monetary Policy ◽  
Business Cycles ◽  
Business Cycle ◽  
Currency Union ◽  
Policy Coordination ◽  
Trade Intensity ◽  
Regression Methods ◽  
Trading Partners ◽  
Monetary Policy Coordination ◽  
The Business Cycle

The main objective of this research is to empirically analyze how the business cycle of ASEAN-4 (namely Indonesia, Malaysia, Thailand, and Philippines) economies are influenced by increased trade with European Union especially Netherland and Germany. Increased trade can lead business cycles across trading partners to be patterned in either direction, towards convergence or divergence. We used regression and vectorautoregression (VAR) methods for this research. Regression methods is based panel data whereas VAR is based on the time series analysis. There are four variables, which are business cycle, trade intensity, fiscal policy coordination and monetary policy coordination. This research conclude that trade intensity and monetary policy coordination are the major channel though which the business cycles of ASEAN-4 economies become synchronized. This has important implications for the formation of a currency union.

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