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Zhong hua min guo tai wan di qu jin rong tong ji yue bao

1978-2005: Tai bei : Zhong yang yin hang jing ji yan jiu chu; … - 1978,Juli - 2005,Juli

Persistent link: https://www.econbiz.de/10000450970

Currency Substitution and Currency Crises

Sun, Yu-Fong; Tsaur, Tien-Wang - In: Journal of Economics and Management 3 (2007) 2, pp. 177-199

This paper investigates the relationship between the collapse timing of exchange rate regime and degree of substitutability of foreign currency for domestic currency as a medium of exchange. According to the spirit of Chen et al. (1981), Tsaur (1987), Chang et al. (1991), we set up a...

Persistent link: https://www.econbiz.de/10008555941

Real Exchange Rate Variation and Export Revenue: Asian Evidence

Fang, Wen-Shwo; Chang, Tsang-Yao; Lai, YiHao - In: Journal of Economics and Management 3 (2007) 1, pp. 67-96

Exchange rate movements affect exports through depreciation (appreciation) and risk. Depreciation may raise exports but exchange rate risk could offset the positive effect. This paper investigates the net effect for eight Asian countries using a dynamic conditional correlation bivariate GARCH-M...

Persistent link: https://www.econbiz.de/10008555966