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Before the fall: were East Asian currencies overvalued?

✍ Scribed by Menzie D Chinn


Book ID
117796713
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
289 KB
Volume
1
Category
Article
ISSN
1566-0141

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On the won and other East Asian currenci
✍ Menzie D. Chinn πŸ“‚ Article πŸ“… 1999 πŸ› John Wiley and Sons 🌐 English βš– 278 KB

Five East Asian currencies -the Indonesian rupiah, Korean won, Singapore dollar, Taiwanese dollar and the Thai baht -are modeled in the framework of a monetary specification augmented by the relative price of non-tradables. This relative price variable proxies for the Balassa -Samuelson effect in Ea