A Closer Examination of Exchange Rate Pass-through in Korea and Thailand

Amit Ghosh

Chapter 3 in Exchange Rates, Currency Crisis and Monetary Cooperation in Asia, 2009, pp 60-86 from Palgrave Macmillan

Abstract: Abstract There has been increasing discussion about the role of economic globalization in domestic inflation in various countries (for instance, see Borio and Filardo 2007 and Helbling et al. 2006). An important but age-old transmission channel of global factors into domestic prices is via exchange rate movements. As noted in Chapter 2 of this volume, the transmission of exchange rate changes into import (export) prices of goods into the destination-market currency as well as into aggregate domestic prices is referred to as exchange rate pass-through (ERPT). Small and open economies are generally viewed as being relatively more susceptible to ERPT effects in domestic prices. This in turn is a reason often cited for the “fear of floating” among such economies.

Keywords: Exchange Rate; Monetary Policy; Consumer Price Index; Exchange Rate Regime; Import Price (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23419-2_3

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DOI: 10.1057/9780230234192_3

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