Exchange rate pass-through in Korea and Thailand: Trends and determinants

Amit Ghosh and Ramkishen S. Rajan ()

Japan and the World Economy, 2009, vol. 21, issue 1, pages 55-70

Abstract: An important but age-old transmission channel of global factors into domestic prices is via exchange rate movements. This paper examines the extent and evolution of exchange rate pass-through (ERPT) into Korea's and Thailand's consumer and import prices at the aggregate level for the period over the last two decades. We find that ERPT appears to be consistently higher for Thailand compared to Korea; while for both nations ERPT of their respective bilateral rates with respect to the US dollar is higher than with respect to the Japanese yen. The paper also investigates if and how ERPT has changed over time, especially during and after the currency crisis period of 1997-1998, as well as its macroeconomic determinants.

Keywords: Exchange; rate; pass-though; (ERPT); Exchange; rate; volatility; Inflation; Korea; Thailand (search for similar items in EconPapers)
Date: 2009

Downloads: (external link)
http://www.sciencedirect.com/science/article/B6VF1 ... dddb40775674a30c8881
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:eee:japwor:v:21:y:2009:i:1:p:55-70

Access Statistics for this article

Japan and the World Economy is edited by Robert Dekle and Yasushi Hamao

More articles in Japan and the World Economy from Elsevier
Series data maintained by Heidi Boesdal ().