Modeling Exchange Market Pressure in East Asian Economies

Evan, lau and Jenny, Yong and Nurul, Bariyah (2021) Modeling Exchange Market Pressure in East Asian Economies. In: Recent Developments in Asian Economics International Symposia in Economic Theory and Econometrics (International Symposia in Economic Theory and Econometrics, Vol. 28). Emerald Publishing Limited, United Kingdom, pp. 263-280. ISBN 978-1-83867-360-4

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Abstract

This chapter model the factors behind the instability of exchange rate by using exchange market pressure (EMP) index. The authors focus first to construct the EMP and then secondly, test the interrelationship between EMP, real gross domestic product, money supply (M2), consumer price index, trade openness and share price using quarterly data in selected East Asian countries. The empirical results of this study explicitly indicate that EMP is determined by the states of other variables in most of the studied countries. Planning on the macrolevel is essential when managing and ensuring continuous monitoring of the exchange rate condition. This would translate into positive macroeconomic welfare and economic growth sustainability.

Item Type:	Book Chapter
Uncontrolled Keywords:	Exchange market pressure; East Asian; exchange rate volatility; UNIMAS, University, Borneo, Malaysia, Sarawak, Kuching, Samarahan, IPTA, education, Universiti Malaysia Sarawak macroeconomic determinants; vector autoregression; variance decompositions; Granger causality, UNIMAS, University, Borneo, Malaysia, Sarawak, Kuching, Samarahan, IPTA, education, Universiti Malaysia Sarawak
Subjects:	H Social Sciences > HA Statistics H Social Sciences > HB Economic Theory
Divisions:	Academic Faculties, Institutes and Centres > Faculty of Economics and Business Faculties, Institutes, Centres > Faculty of Economics and Business
Depositing User:	Poh Hock
Date Deposited:	03 Nov 2021 03:46
Last Modified:	06 Apr 2022 07:59
URI:	http://ir.unimas.my/id/eprint/36555

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