Exploring the Use of Exchange Market Pressure and RMU Deviation Indicator for Early Warning System (EWS) in the ASEAN+3 Region

Authors

Marvin Raymond F. Castell, De La Salle UniversityFollow
Lawrence B. Dacuycuy, De La Salle UniversityFollow

Abstract

Although macroeconomic and financial surveillance mechanisms have been in place both at the global level and at the Asia regional level, the results of the empirical analysis provide some evidence that a regional monetary unit (RMU) can be used to supplement existing surveillance tools for improved crisis detection and prevention. In particular, this study showed that the RMU may be useful as a tool for macroeconomic consultation.

Recommended Citation

Castell, Marvin Raymond F. and Dacuycuy, Lawrence B. (2009) "Exploring the Use of Exchange Market Pressure and RMU Deviation Indicator for Early Warning System (EWS) in the ASEAN+3 Region," DLSU Business & Economics Review: Vol. 18: No. 2, Article 3.
DOI: https://doi.org/10.59588/2243-786X.1353
Available at: https://animorepository.dlsu.edu.ph/ber/vol18/iss2/3