Detail Exchange-Rate Policy in East Asia After The Fall : How Much Have Things Changed ?   Oleh:  Gan, Wee Beng Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 11 no. 4 (2000), page 403-430. Topik: exchange rate; exchange - rate policy Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This paper evaluates the changes in the exchange - rate policies of East Asian economies in the aftermath of the currency crisis and the process in which the exchange - market stability was re - established. The empirical analysis evaluates the changing roles of the yen and the US dollar in the currency baskets, the shifts in the volatility of the underlying macro economic fundamentals and their implications on exchange - rate management, the exchange - market perception of credibility and risk of the postcrisis exchange - rate regimes, and the process of reversion to fundamental values after the massive currency depreciation. The analysis shows that after the abandonment of the quasi-dollar peg, the yen had gained a greater weight in the currency baskets and the greater flexibility in which the exchange rates are being managed serve to accommodate the greater volatility in the macro economic fundamentals. The improvement in the macro economic conditions and the greater credibility that has been acquired by the regional monetary authorities had allowed the exchange market to stabilize and enabled the exchange rates to revert back to their fundamental values. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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