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Dissecting the PPP puzzle: the unconventional roles of nominal exchange rate and price adjustments

✍ Scribed by Yin-Wong Cheung; Kon S. Lai; Michael Bergman

Book ID
117140242
Publisher
Elsevier Science
Year
2004
Tongue
English
Weight
262 KB
Volume
64
Category
Article
ISSN
0022-1996

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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