ON the Won: And Other East Asian Currencies

Menzie Chinn

Working Papers from Economisch Institut voor het Midden en Kleinbedrijf-

Abstract: A sticky price monetary model (Frankel, 1979) of exchange rates is applied to quarterly data on seven currencies: the Indonesian rupiah, Korean won, Malaysian ringgit, Philippine peso, Singapore dollar, Taiwanese dollar and the Thai baht. The model proves empirically unsuccessful, except in the case of the baht, and to a lesser extent, the Singapore dollar. A monetary model, augmented by the relative price of nontradables, is developed.

Keywords: EXCHANGE RATE; CURRENCIES; TRADE; ASIA (search for similar items in EconPapers)
JEL-codes: F31 F41 F47 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1997
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: On the Won and Other East Asian Currencies (1999)
Working Paper: On the Won and Other East Asian Currencies (1998)
Working Paper: On the won and other East Asian currencies (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:midkle:97-07

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