FUKUDA, SHIN-ICHI; OHNO, SANAE - In: The Singapore Economic Review (SER) 53 (2008) 02, pp. 191-213
The purpose of this paper is to investigate what affected the post-crisis exchange rates of three ASEAN countries: Singapore, Thailand and Malaysia. Our critical departure from previous studies is the use of intra-daily exchange rates. The use of the intra-daily data is useful in removing...