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- W2020101290 abstract "The present paper investigates the effects of the Asian currency crisis of 1997–1998 on the generalized PPP between several real exchange rates of the Far East countries. Monthly log of real exchange rates of the currencies of Thailand, Malaysia, Indonesia, the Philippines and South Korea vis-a-vis the US dollar and the Japanese yen during 1990–2004 are applied in the investigation. Further tests are conducted between exchange rates vis-a-vis the Thai baht. Tests are conducted for periods before and after the crisis. Results from the Johansen method of multivariate cointegration show a substantial change in the relationship between these real exchange rates before and after the Asian currency crisis. This result is found using rates based on three currencies: US dollar, yen and baht." @default.
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- W2020101290 date "2005-06-01" @default.
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- W2020101290 title "Asian Currency Crisis and the Generalized PPP: Evidence from the Far East" @default.
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- W2020101290 doi "https://doi.org/10.1111/j.1467-8381.2005.00208.x" @default.
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