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The monetary approach to exchange rate determination: empirical observations from the Pacific Basin economies

Chia sẻ: Huỳnh Lê Khánh Thi | Ngày: | Loại File: PDF | Số trang:10

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The paper studies the monetary approach to exchange rate for a group of five Pacific Basin economies, using quarterly data for the period of post – Asian financial crisis. Estimated results reveal that for Thailand and the Indonesia which were most affected by Asian financial crisis, monetary model did not work for explaining exchange rate movements.

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