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Equilibrium Exchange Rates of East Asian Countries and the New Architecture of Regional Monetary System

Research Project

Project/Area Number 21330074
Research Category

Grant-in-Aid for Scientific Research (B)

Allocation TypeSingle-year Grants
Section一般
Research Field Public finance/Monetary economics
Research InstitutionYokohama National University

Principal Investigator

SATO Kiyotaka  横浜国立大学, 経済学部, 教授 (30311319)

Co-Investigator(Kenkyū-buntansha) SHIMIZU Junko  専修大学, 商学部, 准教授 (70377068)
HASEBE Yuichi  横浜国立大学, 国際社会科学研究科, 教授 (70172905)
Research Collaborator GRAUWE Paul de  Catholic University Lueven, Professor
ZHANG Zhaoyong  Edith Cowan University, Associate Professor
SHRESTHA Nagendra  横浜国立大学, 経済学部, 非常勤研究員
OKAYAMA Kaori  横浜国立大学, 経済学部附属貿易文献資料センター, 助手
Project Period (FY) 2009 – 2011
Project Status Completed (Fiscal Year 2011)
Budget Amount *help
¥13,260,000 (Direct Cost: ¥10,200,000、Indirect Cost: ¥3,060,000)
Fiscal Year 2011: ¥3,380,000 (Direct Cost: ¥2,600,000、Indirect Cost: ¥780,000)
Fiscal Year 2010: ¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Fiscal Year 2009: ¥4,940,000 (Direct Cost: ¥3,800,000、Indirect Cost: ¥1,140,000)
Keywords均衡為替レート / 国際産業連関表 / 東アジア / 為替相場制度
Research Abstract

This research project empirically investigates the equilibrium exchange rate of East Asian currencies and how to establish regional monetary arrangements in East Asia. The novelty of this project is to estimate international input-output table for East Asian countries and to calculate the equilibrium exchange rate by allowing for active transactions of intermediate inputs among the regional countries and also input coefficients of intermediate inputs. Our research outputs were published in the special issue of the international refereed journal, The World Economy.

Report

(4 results)
  • 2011 Annual Research Report   Final Research Report ( PDF )
  • 2010 Annual Research Report
  • 2009 Annual Research Report
  • Research Products

    (13 results)

All 2012 2011 2010 2009

All Journal Article (10 results) (of which Peer Reviewed: 7 results) Presentation (3 results)

  • [Journal Article] New Estimates of the Equilibrium Exchange Rate : The Case for the Chinese Renminbi2012

    • Author(s)
      Sato, Kiyotaka, Junko Shimizu, Nagendra Shrestha, Zhaoyong Zhang
    • Journal Title

      The World Economy

      Volume: Vol.35 Issue 4 Issue: 4 Pages: 419-443

    • DOI

      10.1111/j.1467-9701.2012.01444.x

    • Related Report
      2011 Annual Research Report 2011 Final Research Report
    • Peer Reviewed
  • [Journal Article] Monetary Integration and Exchange Rate Issues in East Asia2012

    • Author(s)
      De Grauwe, Paul and Zhaoyong Zhang
    • Journal Title

      The World Economy

      Volume: 35(4) Issue: 4 Pages: 397-404

    • DOI

      10.1111/j.1467-9701.2012.01442.x

    • Related Report
      2011 Final Research Report
    • Peer Reviewed
  • [Journal Article] Lessons from the Eurocrisis for East Asian Monetary Relations2012

    • Author(s)
      De Grauwe, Paul
    • Journal Title

      The World Economy

      Volume: 35(4) Issue: 4 Pages: 405-418

    • DOI

      10.1111/j.1467-9701.2012.01443.x

    • Related Report
      2011 Final Research Report
    • Peer Reviewed
  • [Journal Article] Dynamic Linkages among Financial Markets in the Greater China Region : A Multivariate Asymmetric Approach2012

    • Author(s)
      Ho, Kin-Yip and Zhaoyong Zhang
    • Journal Title

      The World Economy

      Volume: 35(4) Issue: 4 Pages: 500-523

    • DOI

      10.1111/j.1467-9701.2012.01448.x

    • Related Report
      2011 Final Research Report
  • [Journal Article] Should Chinese Renminbi Be Cursed for Its Trade Surplus? A Structural VAR Approach2012

    • Author(s)
      Zhaoyong Zhang, Kiyotaka Sato
    • Journal Title

      The World Economy

      Volume: (印刷中) Issue: 5 Pages: 632-650

    • DOI

      10.1111/j.1467-9701.2012.01438.x

    • Related Report
      2011 Annual Research Report 2011 Final Research Report
    • Peer Reviewed
  • [Journal Article] Identifying Shocks in Regionally Integrated East Asian Economies with Structural VAR and Block Exogeneity2011

    • Author(s)
      Sato, Kiyotaka, Zhaoyong Zhang ,Michael McAleer
    • Journal Title

      Mathematics ,Computers in Simulation

      Volume: Vol.81, Issue 7 Pages: 1353-1364

    • Related Report
      2010 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Chapter 7 : Financial Integration2011

    • Author(s)
      Sato.Kiyotaka
    • Journal Title

      The Boao Forum for Asia Progress of Asian Economic Integration Annual Report 2011

      Pages: 67-79

    • Related Report
      2010 Annual Research Report
  • [Journal Article] New Estimates of the Equilibrium Exchange Rate:The Case for the ChineseRenminbi2010

    • Author(s)
      Sato.Kiyotaka, Junko Shimizu, Nagends Shrestha, Zhaoyong Zhang
    • Journal Title

      RIETI Discussion Paper Series

      Volume: 10-E-045 Pages: 1-24

    • Related Report
      2010 Annual Research Report
    • Peer Reviewed
  • [Journal Article] Section 3.5 : The Degree of Correlation among the Asian Economies2010

    • Author(s)
      Sato, Kiyotaka
    • Journal Title

      The Boao Forum for Asia, Progress of Asian Economic Integration Annual Report 2009

      Pages: 55-61

    • Related Report
      2009 Annual Research Report
  • [Journal Article] 国際産業連関表を利用したFOB方式産業連関表の推計と外洋輸送の分析2009

    • Author(s)
      長谷部勇一・方紅梅
    • Journal Title

      エコノミア(横浜経済学会) 第60巻第2号

      Pages: 23-55

    • NAID

      110009587028

    • Related Report
      2009 Annual Research Report
    • Peer Reviewed
  • [Presentation] New Estimates of the Equilibrium Exchange Rate : The Case for the Chinese Renminbi2010

    • Author(s)
      Sato, Kiyotaka, Junko Shimizu, Nag ends Shrestha , Zhaoyong Zhang
    • Organizer
      Joint International Conference of Edith Cowan University and Yokohama National University
    • Place of Presentation
      Perth, Australia
    • Year and Date
      2010-10-23
    • Related Report
      2010 Annual Research Report
  • [Presentation] Equilibrium Exchange Rate of Chinese Renminbi2009

    • Author(s)
      Sato, Kiyotaka
    • Organizer
      ECU-YNU Workshop on Exchange Rates and Monetary Integration in the East Asian Region
    • Place of Presentation
      Edith Cowan University Perth, Australia
    • Year and Date
      2009-09-16
    • Related Report
      2009 Annual Research Report
  • [Presentation] On East Asia's Exchange Rate Policy Coordination and Asian Monetary Unit2009

    • Author(s)
      Shimizu, Junko
    • Organizer
      ECU-YNU Workshop on Exchange Rates and Monetary Integration in the East Asian Region
    • Place of Presentation
      Edith Cowan University Perth, Australia
    • Year and Date
      2009-09-16
    • Related Report
      2009 Annual Research Report

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Published: 2009-04-01   Modified: 2016-04-21  

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