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Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries.


Citation

Lee, Chin and Habibullah, Muzafar Shah and Mohamed, Azali (2009) Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries. Applied Economics, 41 (14). pp. 1771-1783. ISSN 0003-6846

Abstract / Synopsis

This study examines the usefulness of divisia money, relative to simple sum money, for exchange rate modelling in a period of rapid financial deregulation. This comparison is conducted using the monetary model of the exchange rate. In the long-run modelling, the divisia money is significantly superior to simple sum money in the case of Malaysia and the Philippines while indifferent for Indonesia, Singapore and Thailand.


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Additional Metadata

Item Type: Article
Subject: Foreign exchange rates.
Subject: Monetary policy.
Divisions: Faculty of Economics and Management
DOI Number: https://doi.org/10.1080/00036840902845517
Publisher: Taylor & Francis (Routledge)
Keywords: Monetary aggregates; Exchange rates; Asean.
Depositing User: Emelda Mohd Hamid
Date Deposited: 25 Jun 2013 16:57
Last Modified: 05 Oct 2015 15:29
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/00036840902845517
URI: http://psasir.upm.edu.my/id/eprint/16999
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