Markov-switching analysis of exchange rate pass-through: perspective from Asian countries

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Markov-switching analysis of exchange rate pass-through: perspective from Asian countries

This study presents a nonlinear pass-through from the exchange rate to domestic prices drawn from a dataset of six Asian countries. Using the Markov-switching model, it is found that there are two regimes. The extent of the pass-through is incomplete and is found to be significantly lower in stable...

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Bibliographic Details
Main Authors:	Baharumshah, Ahmad Zubaidi, Soon, Siew Voon, Wohar, Mark E.
Format:	Article
Language:	English
Published:	Elsevier 2017
Online Access:	http://psasir.upm.edu.my/id/eprint/62356/ http://psasir.upm.edu.my/id/eprint/62356/1/Markov-switching%20analysis%20of%20exchange%20rate%20pass-through.pdf

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