Real exchange rate determination: Empirical observations from East-Asian countries

Tatsuyoshi Miyakoshi

Empirical Economics, 2003, vol. 28, issue 1, 173-180

Abstract: In this paper the models for the real exchange rate determination are re-examined between Japan and five East-Asian countries. Two important findings are reported. First, the real interest rate-bias model is valid for Korea-, Malaysia-, Indonesia-, and Philippines-Japan, and the productivity-bias model is valid for Indonesia-, and Philippines-Japan: that is, the coefficients of relative variables are stable and statistically significant. Second, there is no evidence that the political risk premium model is valid. Copyright Springer-Verlag Berlin Heidelberg 2003

Keywords: Key words: productivity-bias; real interest rate-bias; political risk premium., JEL classification: F31; F47; C32., (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:empeco:v:28:y:2003:i:1:p:173-180

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DOI: 10.1007/s001810100125

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