Kim, Soyoung; Kim, Sunghyun H.; Wang, Yunjong - In: Pacific Economic Review 14 (2009) 2, pp. 176-193
We examine the de facto exchange rate arrangements in eight East Asian countries during the post-Asian crisis period. The empirical results suggest that three countries adopted a hard peg or a peg with capital account restrictions, whereas five countries moved toward a more flexible exchange...