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UID:event-10853@www.amse-aixmarseille.fr
DTSTAMP:20260422T133633Z
CREATED:20260422T133633Z
LAST-MODIFIED:20260422T133633Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:French-Japanese webinar - Sheue Li Ong
DTSTART:20240614T090000Z
DTEND:20240614T100000Z
DESCRIPTION:This research explores the intricate dynamics of economic integ
 ration in Asia and Europe\, assessing the degree of real exchange rate (RER
 ) convergence. Departing from conventional bilateral RER calculations based
  on the Consumer Price Index (CPI)\, we utilize industry-specific RER based
  on the Producer Price Index (PPI) to evaluate RER convergence towards regi
 onal key currencies—the Chinese renminbi (RMB) in Asia and the euro in Eu
 rope. We specifically focus on RERs in three pivotal machinery industriesâ€
 ”general machinery\, electric machinery\, and transport equipment—as sign
 ificant drivers of regional and global supply chains. Employing a state spa
 ce model\, we aim to estimate industry-specific RER convergence and discern
  nuanced time variations in RER adjustment speeds across regional countries
 . The dynamic factor model (DFM) decomposes RER convergence dynamics for ea
 ch regional country\, identifying relative contributions from common global
  (US)\, regional (Asia or Europe)\, and idiosyncratic (country-specific) fa
 ctors. This approach provides comprehensive insights into the intricacies o
 f economic integration in Asia and examines the role of the RMB as a region
 al key currency.\\n\\nContact: Gilles Dufrénot : gilles.dufrenot[at]scienc
 espo-aix.frKiyotaka Sato : sato[at]ynu.ac.jp\n\nPlus d'informations: https
 ://www.amse-aixmarseille.fr/fr/evenements/sheue-li-ong
URL;VALUE=URI:https://www.amse-aixmarseille.fr/fr/evenements/sheue-li-ong
CONTACT:Gilles Dufrénot : gilles.dufrenot[at]sciencespo-aix.frKiyotaka Sat
 o :&nbsp\;sato[at]ynu.ac.jp
TRANSP:OPAQUE
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