Post-crisis Exchange Rate Policy in Five Asian Countries: Filling in the "hollow Middle"?, Issues 2001-2170 |
Contents
Introduction | 4 |
Objectives of PostCrisis Exchange Rate Policy | 16 |
Exchange Rate Policy and PostCrisis Economics | 25 |
Copyright | |
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Common terms and phrases
agents Asian crisis countries Asian financial crisis Average growth bilateral exchange rate capital markets central bank coefficient 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 original sin Pace of Appreciation percent Philippines post-crisis exchange rate post-crisis period pre-crisis period pure floaters real effective exchange real exchange rate Real GDP REER reserve accumulation reserve stocks reserve volatility Schwarz criterion shocks Smoothing the Pace stock of foreign stock of reserves Table U.S. dollar