An Empirical Analysis of East Asia's Pre-crisis Daily Exchange Rates
Alba, Joseph Dennis; Park, Donghyun | October 2007
Abstract
"Joseph Dennis Alba and Donghyun Park write that the exchange rate peg to the United States dollar is widely believed to have been a major cause of the Asian financial crisis of 1997–1998. Rigid exchange rates may have invited massive capital inflows into East Asia by creating a false sense of security among investors. A substantial empirical literature examines the actual behavior of pre-crisis exchange rates in the region. The authors seek to contribute to this literature by using daily data compared to other studies that tend to use monthly data and other lowerfrequency data."
Citation
Alba, Joseph Dennis; Park, Donghyun. 2007. An Empirical Analysis of East Asia's Pre-crisis Daily Exchange Rates. © Asian Development Bank. http://hdl.handle.net/11540/1866. License: CC BY 3.0 IGO.ISSN
1655-5252
Keywords
Development
Finance
Development Challenges
Development Issues
Development Problems
Microenterprises Finance
Commercial Finance Companies
Enterprise Financing
Financial Analysis
Banking Finance And Investment
ADB
Project finance
Development plans
Strategic planning
Business Financing
Investment Requirements
Insurance Companies
International Monetary Relations
International Financial Market
Exchange Rate
Insurers
Insurance stocks
Insurance holding companies
Insurance carriers
Insurance agencies
Business subsidies
Investment companies
International banks and banking
Stock exchanges
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Citable URI
http://hdl.handle.net/11540/1866Metadata
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