Author : Mr.Taimur Baig
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781451857092
Total Pages : 0 pages
Book Rating : 4.98/5 ( download)
Book Synopsis Characterizing Exchange Rate Regimes in Post-Crisis East Asia by : Mr.Taimur Baig
Download or read book Characterizing Exchange Rate Regimes in Post-Crisis East Asia written by Mr.Taimur Baig and published by INTERNATIONAL MONETARY FUND. This book was released on 2001-10-01 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the behavior of the exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis. The results suggest that movements in the Asia-5 currencies (Indonesia, Korea, Malaysia, Philippines, and Thailand) were significantly influenced by the U.S. dollar's day-to-day movements before the crisis, and have indeed continued to do so post-crisis. However, comparisons with a range of other currencies suggest that this is a fairly common trait across various regimes. Moreover, results from the post-crisis data do not support the view that the Asia-5 currencies presently have the same characteristics as they did before the crisis.