Detail The Asian Currency Crash : Were Badly Driven Fundamentals to Blame ?   Oleh:  Husted, Steven ; MacDonald, Ronald Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 10 no. 4 (1999), page 537-550. Topik: fundamentalism; currency clash; fundamentals Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.4 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper examines the extent to which a number of currencies central to the Asian currency crisis were misaligned at the end of 1996. A well - known fundamentals-based exchange rate model, the monetary approach to exchange rate behaviour, is used to produce estimates of equilibrium exchange rates for a number of Asian currencies. The estimates, calculated using panel methods, are shown to be consistent with the underlying model. Most significantly, very little evidence of misalignment is found to exist in 1996. This suggests that the cause of the Asian crash cannot be attributed to traditional fundamentals. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved