International Price Linkage within a Region" The Case of East Asia

Shin-ichi Fukuda () and Takashi Kano ()

No 97-F-6, CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo

Abstract: This paper investigates how "prices" in East Asian economies were correlated with those in Japan and with those in the United States. The analysis is particularly noteworthy because East Asian Economies are geographically close to Japan but their currencies have been more tied to the US dollar. In the paper, we analyze two different types of "prices": The overall price levels in terms of the same currency and the relative prices among different commodities. We demonstrate that the overall price levels in East Asian economies were closely related to those in the United States. However, we also show that the relative prices in East Asian economies, especially those in Taiwan and Korea, were closely correlated with those in Japan. The results are in marked contrast with the price correlation in other regions.

Date: 1997-01
View list of references View citations in EconPapers

Downloads: (external link)
http://www.e.u-tokyo.ac.jp/cirje/research/dp/97/f6/contents.htm (text/html)

Related works:
Journal Article: International Price Linkage within a Region: The Case of East Asia (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:tky:fseres:97f06

Access Statistics for this paper

More papers in CIRJE F-Series from CIRJE, Faculty of Economics, University of Tokyo
Series data maintained by ().