Exchange rate and price adjustments in t
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Eiji Fujii
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Article
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2002
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John Wiley and Sons
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English
β 170 KB
## Abstract This study investigates the behavioural dynamics of the real exchange rates of five East Asian economiesβIndonesia, Korea, the Philippines, Singapore and Thailandβin the aftermath of the 1997 currency crisis. The results of cointegration analyses suggest that, despite the turbulent exch