Does Greater Exchange Rate Flexibility Affect Interest Rates in Post-Crisis Asia?
In post-crisis Asia, all crisis-hit countries (except Malaysia) announced a shift from an exchange rate based monetary policy framework to the adoption of inflation targeting which uses interest rates as the monetary policy operating instrument. In this study, we examine the empirical relationship b...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/445 https://doi.org/10.1016/j.asieco.2006.04.005 |
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| Institution: | Singapore Management University |
| Language: | English |