Characterizing Exchange Rate Regimes in Post-Crisis East Asia
Characterizing Exchange Rate Regimes in Post-Crisis East Asia
复制标题
危机后东亚汇率制度的特征
DOI：
10.5089/9781451857092.001.a001
复制
发表时间：
2001
期刊：
影响因子：
--
通讯作者：
Taimur Baig
中科院分区：
文献类型：
--
作者：
Taimur Baig
本文研究了亚洲危机后选定的东亚新兴市场经济体的汇率行为。结果表明，亚洲五国货币（印度尼西亚、韩国、马来西亚、菲律宾和泰国）的走势在危机前受到美元日常走势的显着影响，并且在危机后确实继续如此。然而，与一系列其他货币的比较表明，这是各种制度中相当普遍的特征。此外，危机后数据的结果并不支持亚洲五国货币目前具有与危机前相同特征的观点。
This paper examines the behavior of the exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis. The results suggest that movements in the Asia-5 currencies (Indonesia, Korea, Malaysia, Philippines, and Thailand) were significantly influenced by the U.S. dollar's day-to-day movements before the crisis, and have indeed continued to do so post-crisis. However, comparisons with a range of other currencies suggest that this is a fairly common trait across various regimes. Moreover, results from the post-crisis data do not support the view that the Asia-5 currencies presently have the same characteristics as they did before the crisis.