Real exchange rate dynamics in the Asian economies: can regime shifts explain purchasing power parity puzzles?

QR Code

Real exchange rate dynamics in the Asian economies: can regime shifts explain purchasing power parity puzzles?

We show that the strong version of the purchasing power parity (PPP) hypothesis holds in most of the US dollar real exchange rates using cointegration method that accounts for breaks in the models. The break dates in seven of the Asian currencies coincide with the two rounds of currency depreciation...

Full description

Bibliographic Details
Main Authors:	Siew, Voon Soon, Baharumshah, Ahmad Zubaidi, Sung, K. Ahn
Format:	Article
Language:	English
Published:	Routledge 2015
Online Access:	http://psasir.upm.edu.my/id/eprint/46088/ http://psasir.upm.edu.my/id/eprint/46088/1/Real%20exchange%20rate%20dynamics%20in%20the%20Asian%20economies%20can%20regime%20shifts%20explain%20purchasing%20power%20parity%20puzzles.pdf

Similar Items

Purchasing power parity in South East Asian countries economies: a cointegration approach
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (1997)

Purchasing power parity and efficiency of black market exchange rate in African countries
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2011)

Twin deficits hypothesis and Feldstein-Horioka puzzle in Asian countries: is Keynesian alive?
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2012)

Nonlinear Adjustment Of Real Exchange Rates Towards Purchasing Power Parity And The Asian Financial Crisis
by: Liew, Venus Khim-Sen, et al.
Published: (2005)

Re-examing purchasing power parity for East-Asian currencies : 1976-2002.
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2008)

Currency crises and purchasing power parity in the asian countries: evidence based on second-generation panel unit-root tests
by: Siew, Voon Soon, et al.
Published: (2017)

Does the single currency for EU resolve the exchange rate volatility and purchasing power parity puzzle?
by: Manzur, Meher, et al.
Published: (2008)

Financial integration of East Asian economies : evidence from real interest parity
by: Ahmad Zubaidi, Baharumshah, et al.
Published: (2011)

Financial integration of East Asian economies: evidence from real interest parity
by: Evan, Lau, et al.
Published: (2011)

Financial integration of East Asian economies: evidence from real interest parity
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2011)

Non-linearities in Real Interest Rate Parity: Evidence from OECD and Asian Developing Economies
by: Ahmad Zubaidi, Baharumshah, et al.
Published: (2010)

Female job satisfaction: can we explain the part-time puzzle?
by: Bridges, Sarah, et al.
Published: (2017)

Non-linearities in real interest rate parity : evidence from OECD and Asian developing economies.
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2010)

Purchasing power parity in Central and Eastern European countries.
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2008)

Nonlinear Adjustment towards Purchasing Power Parity in ASEAN Exchange Rates
by: Liew, Venus Khim-Sen, et al.
Published: (2004)

Parity reversion in real interest rate in the Asian countries: further evidence based on local-persistent model
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2013)

Purchasing power parity in Asian economies: further evidence from rank tests for cointegration
by: Liew, Venus Khim-Sen, et al.
Published: (2009)

Purchasing Power Parity Revisit: A Comparison of Linear and Nonlinear Models
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2006)

On Singaporean Dollar-U.S. Dollar and Purchasing Power Parity
by: Liew, Venus Khim-Sen, et al.
Published: (2004)

Explaining the proton radius puzzle with disformal scalars
by: Brax, Philippe, et al.
Published: (2015)

Purchasing power parity in African countries: Evidence from panel suradf test
by: Ahmad Zubaidi, Baharumshah, et al.
Published: (2010)

Purchasing power parity in African countries: evidence from panel SURADF test
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2010)

Parity and non-parity determinants of exchange rates in Latin American economies
by: Ho, Catherine Soke Fun, et al.
Published: (2014)

The persistence in real interest rates: does it solve the intertemporal consumption behavior puzzle?
by: Soon, Siew-Voon, et al.
Published: (2017)

Regime changes and the sustainability of fiscal imbalance in East Asian countries
by: Evan, Lau, et al.
Published: (2007)

Real interest parity in Central and Eastern European countries: evidence on integration into EU and the US markets
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2013)

Impact of exchange rate volatility on trade: empirical evidence for the East Asian economies
by: Chee, Wooi Hooy, et al.
Published: (2015)

An empirical investigation of purchasing power parity for a transition economy - Cambodia
by: Liew, Venus Khim-Sen, et al.
Published: (2009)

Does the Balassa-Samuelson Theory Explain the Link Between Relative Population Growth and Purchasing Power Parity?
by: Hassan, A., et al.
Published: (2013)

A panel study on real interest rate parity in East Asian countries: pre- and post-liberalization era
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2005)

Revisiting the test of purchasing power parity and structural breaks of East Asian countries
by: Yahya, Mohamed Hisham, et al.
Published: (2011)

Purchasing Power Parity (PPP) in a Transition Economy - Cambodia: Empirical Evidence from Bilateral Exchange Rates
by: Tuck, Cheong Tang, et al.
Published: (2009)

Exchange Rate Determinations: Evidence from Parity and Non-Parity Method for Selected Asian 6 Countries.
by: Loh, Yan Fang, et al.
Published: (2016)

Markov-switching analysis of exchange rate pass-through: perspective from Asian countries
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2017)

Revisiting Purchasing Power Parity for Central Asian Countries Using Threshold Cointegration Tests
by: Lau, Evan, et al.
Published: (2010)

The economics of exchange rates in the East Asian countries
by: Baharumshah, Ahmad Zubaidi
Published: (2002)

Asymmetric exchange rate pass-through in an emerging market economy: the case of Mexico
by: Baharumshah, Ahmad Zubaidi, et al.
Published: (2017)

Long-run validity of purchasing power parity and rank tests for cointegration for Central Asian countries
by: Liew, Venus Khim-Sen, et al.
Published: (2010)

Is Purchasing Power Parity over-valuating?
by: LIU, CHAO
Published: (2009)

Capital mobility and saving-investment correlation: evidence from emerging Asian economies
by: Awou Yol, Marial, et al.
Published: (2008)