Goh, Daryl; Groenewold, Nicolaas - In: International Journal of Finance & Economics 5 (2000) 4, pp. 297-308
This paper uses a structural vector-autoregressive framework to assess the relative importance of fundamental and speculative components of the Thai Baht with particular emphasis on the dramatic collapse of the currency in 1997. Two alternative models were used for this purpose, loosely based on...