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Causal relation between interest and exchange rates in the Asian currency crisis

✍ Scribed by In Choi; Daekeun Park

Book ID
113681343
Publisher
Elsevier Science
Year
2008
Tongue
English
Weight
222 KB
Volume
20
Category
Article
ISSN
0922-1425

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## Abstract This study investigates the behavioural dynamics of the real exchange rates of five East Asian economiesβ€”Indonesia, Korea, the Philippines, Singapore and Thailandβ€”in the aftermath of the 1997 currency crisis. The results of cointegration analyses suggest that, despite the turbulent exch