Huang, Peng; Hueng, C. James; Yau, Ruey - In: Applied Financial Economics 20 (2010) 9, pp. 753-760
This article investigates the channels through which the short-term interest rate is used as an instrument to stabilize the exchange rates in Asia during the financial crisis in the 1990s. A time-varying-parameter model with Generalized Autoregressive Conditional Heteroscedasticity (GARCH)...