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Objectives of PostCrisis Exchange Rate Policy
Exchange Rate Policy and PostCrisis Economics
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agents Asian crisis countries Asian financial crisis Average growth bilateral exchange rate capital markets central bank Chile correlated crises currency mismatches domestic interest rates economies effective exchange rate exchange market intervention exchange market pressure exchange rate flexibility exchange rate movements exchange rate policy exchange rate regimes exchange rate stabilization Export Volume F-statistic facto exchange rate Five Asian Countries five Asian crisis five countries floating exchange rates foreign exchange market foreign exchange reserves growth in Export growth in Real Hausmann Indonesia interest rate volatility Jan Jul Jan Jul Jan Jul Korea and Thailand Malaysia McKinnon monthly changes NEER nominal effective exchange nominal exchange rates pace of depreciation percent Philippines post-crisis exchange rate post-crisis period pre-crisis period pure floaters R-squared real effective exchange real exchange rate Real GDP REER relative reserve accumulation reserve stocks reserve volatility Schwarz criterion shocks Smoothing the Pace stock of foreign stock of reserves Table U.S. dollar