Fear of Inflation: Exchange Rate Pass-Through in East Asia

Sammo Kang and Yunjong Wang
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Sammo Kang: Korea Institute of Finance
Yunjong Wang: SK Research Institute

Korean Economic Review, 2004, vol. 20, 193-211

Abstract: The purpose of this paper is to empirically examine the pass-through of exchange rates for import prices and consumer prices in a few selected East Asian countries - Japan, Korea, Singapore and Thailand. According to our empirical results, first, exchange rates had a greater impact on import prices than on consumer prices in all four countries. Second, the impact of exchange rates on import and consumer prices increased in Korea and Thailand after the 1997 currency crisis.

Keywords: Consumer Prices; East Asia; Fear of Inflation; Import Prices; Pass-through of Exchange Rates (search for similar items in EconPapers)
JEL-codes: E31 F31 F41 O53 (search for similar items in EconPapers)
Date: 2004
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