Does Greater Exchange Rate Flexibility Affect Interest Rates in Post-Crisis Asia?

• المؤلفون الرئيسيون: Chow, Hwee Kwan, KIM, Yoonbai
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2006
• الموضوعات: Exchange rate; Interest rate; Bivariate VAR-GARCH model; Causation in volatilities; Asian Studies; Finance; Macroeconomics
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/445; https://doi.org/10.1016/j.asieco.2006.04.005

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...