Characterizing Exchange Rate Policy in East Asia: A Reconsideration

• Main Authors: CHOW, Hwee Kwan, KIM, Yoonbai, SUN, Wei
• 格式: text
• 語言: English
• 出版: Institutional Knowledge at Singapore Management University 2007
• 主題: Nominal exchange rate management; Currency basket peg; Regional competitive pressure; Asian Studies; Economic Policy; Macroeconomics
• 在線閱讀: https://ink.library.smu.edu.sg/soe_research/1212; https://ink.library.smu.edu.sg/context/soe_research/article/2211/viewcontent/Characterizing_exchange_rate_policy_in_East_Asia_2007.pdf

Frankel and Wei (1994) developed and popularized a method for uncovering the implicit weights assigned to major international currencies constituting a currency basket. We extend the methodology in two dimensions: include regional competitive pressure and employ a vector autoregressive (VAR) model t...