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Exchange rate regimes in Asia: intervention and the influence of the G3 currencies on Asian exchange rates

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dc.contributor.authorCavoli, T.
dc.contributor.conferenceAPEA 2010 (8 Jul 2010 - 9 Jul 2010 : Hong Kong)
dc.date.issued2010
dc.description.abstractThis paper presents an analysis of the degree of de facto exchange rate flexibility in the exchange rate regimes for emerging Asian economies, viz. Bangladesh, China, India, Indonesia, Korea, Malaysia, Pakistan, the Philippines, Singapore Sri Lanka, Thailand and Vietnam. While the propensity for foreign exchange intervention and exchange rate management among regional central banks remains fairly high in many cases and that the degree of fixity to the US dollar remains very strong, we note that these relationships correlate to some extent with both official classifications and those based on the IMF exchange rate classifications. We find that the inflation targeting countries are exhibit less fixity and are less influenced by the US dollar than the non-inflation targeters. We also find that the managed floaters (as defined by the IMF) exhibit less fixity and are less influenced by the US dollar than the conventional peggers.
dc.identifier.citationProcededings of the 6th annual Asia Pacific economic association conference, 2010, pp.1-29
dc.identifier.urihttps://hdl.handle.net/1959.8/119669
dc.language.isoen
dc.publisherHong Kong Baptist University
dc.publisher.placeHong Kong
dc.rightsCopyright 2010 Tony Cavoli
dc.subjectexchange rate regimes
dc.subjectAsia
dc.titleExchange rate regimes in Asia: intervention and the influence of the G3 currencies on Asian exchange rates
dc.typeConference paper
pubs.publication-statusPublished
ror.fileinfo12143240080001831 13143267670001831 9915910695101831_53108874920001831.pdf
ror.mmsid9915910695101831

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