TY - JOUR
T1 - Exchange-rate volatility, trade and "fixing for life" in Thailand
AU - Rahmatsyah, Teuku
AU - Rajaguru, Gulasekaran
AU - Siregar, Reza Y.
PY - 2002/12
Y1 - 2002/12
N2 - At the outset of the 1997 financial crisis, the quest to find a more suitable exchange-rate policy has become an urgent task facing the East Asian economies. One of the key policies agreed under Thailand's August 1997 Leter of Intent (LOI) with the IMF was the adoption of a more flexible exchange-rate policy. However, the country re-adopted its pre-1997 crisis rigid exchange-rate policy in early 1999. To grasp this "fixing for your life" phenomenon, we test the impact of the exchange-rate volatilities of Thailands's baht against the yen and the US dollar on the performance of the country's bilateral trades with the two key partners.
AB - At the outset of the 1997 financial crisis, the quest to find a more suitable exchange-rate policy has become an urgent task facing the East Asian economies. One of the key policies agreed under Thailand's August 1997 Leter of Intent (LOI) with the IMF was the adoption of a more flexible exchange-rate policy. However, the country re-adopted its pre-1997 crisis rigid exchange-rate policy in early 1999. To grasp this "fixing for your life" phenomenon, we test the impact of the exchange-rate volatilities of Thailands's baht against the yen and the US dollar on the performance of the country's bilateral trades with the two key partners.
UR - http://www.scopus.com/inward/record.url?scp=0036888470&partnerID=8YFLogxK
U2 - 10.1016/S0922-1425(02)00029-4
DO - 10.1016/S0922-1425(02)00029-4
M3 - Article
AN - SCOPUS:0036888470
VL - 14
SP - 445
EP - 470
JO - Japan and the World Economy
JF - Japan and the World Economy
SN - 0922-1425
IS - 4
ER -