The research presentation was given by Dr. Victor Pontines, a Research Fellow of the Asian Development Bank Institute. The main finding of the study, which used an estimated ACU Index and an ACU Deviation Indicator, is a formation of two contrasting groups of countries in the region--one of strong currencies and the other of weaker currencies. Other studies similar to Dr. Pontines` study suggest that what is needed for the region is a type of framework for exchange rate policy coordination that will promote interregional exchange rate stability. Dr. Pontines then suggests ways on how the region can capitalize on using the ACU Index in the immediate term for surveillance purposes, particularly for purposes of assessing `over and undervaluation` of individual currencies from the regional ACU average and for flagging emerging vulnerabilities in individual economies in the region.
- How Useful is an Asian Currency Unit (ACU) Index for Surveillance in East Asia? (Presentation by Dr. Victor Pontines, Research Fellow, Asian Development Bank Institute (ADBI)
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