Evolution of Exchange Rate Behavior in the ASEAN-5 Countries

Evolution of Exchange Rate Behavior in the ASEAN-5 Countries
This paper examines exchange rate behavior in the ASEAN-5 countries (Indonesia, Malaysia, the Philippines, Singapore, and Thailand). It finds that for the last 10 years there is no evidence that their central banks target particular exchange rate levels against any currency or basket. Thus, contrary to some assertions, they do not belong to a... READ MORE...

Publication date: August 2016
ISBN 9781475523867
$18.00

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