The Empirical Relationship between Exchange Rates and Interest Rates in Post-Crisis Asia

The Empirical Relationship between Exchange Rates and Interest Rates in Post-Crisis Asia

In post-crisis Asia, all crisis-hit countries (except Malaysia) announced a shift from exchange rate based monetary policy framework to the explicit adoption of inflation targeting that uses interest rates as the key monetary policy operating instrument. In this study, we examine the empirical relat...

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Bibliographic Details
Main Authors: Chow, Hwee Kwan, KIM, Yoonbai
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Exchange rate
interest rate
bivariate VAR-GARCH model
causation in volatilities
Asian Studies
Finance
International Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/785
https://ink.library.smu.edu.sg/context/soe_research/article/1784/viewcontent/HweeKwanCHOW.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/785
https://ink.library.smu.edu.sg/context/soe_research/article/1784/viewcontent/HweeKwanCHOW.pdf

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