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Philippines, and Thailand. TCRER movements are associated only weakly with shocks to capital flows. Negative shocks to U ….S. interest rates lead to capital inflows in Asia and a TCRER appreciation in the Philippines and Thailand. Positive shocks to …, money base velocity, and the temporary component of the real exchange rate (TCRER) is estimated for Korea, Mexico, the …
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--Chile, Colombia Mexico--and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …
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, Colombia and Mexico -- and three East Asian countries--Korea, Malaysia and Thailand. It identifies a number of potential …
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