Predictability of ASEAN-5 exchange rates in the post-crisis era
Liew, Khim Sen and Baharumshah, Ahmad Zubaidi (2003) Predictability of ASEAN-5 exchange rates in the post-crisis era. Pertanika Journal of Social Sciences & Humanities, 11 (1). pp. 33-40. ISSN 0128-7702; ESSN: 2231-8534
Official URL: http://www.pertanika.upm.edu.my/view_archives.php?...
Five ASEAN currencies are investigated in an attempt to determine whether the post-crisis ASEAN exchange rates are more predictable by the US dollar or Japanese yen. Results suggest that prior to the 1997/1998 Financial Crisis, all exchange rates were better predicted by the US dollar as the base currency. The post-crisis Singapore exchange rate continues to be better predicted in US dollar. On the other hand,Japanese yen better predicted other post-crisis ASEAN exchange rates.
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