Liew, Venus Khim-Sen; Baharumshah, Ahmad Zubaidi; Lim, … - EconWPA - 2004
This study re-examines the validity of relationship between Singapore Dollar-US Dollar exchange rate and the relative … Smooth Transition Autoregressive (ESTAR)- type non-linear mean-reverting adjustment process of the nominal Singapore dollar … Singapore Dollar-US Dollar exchange rate and consumer price index ratio, this study shows that the relationship is in fact non …