This article examined the exchange rate managements in the crisis-experienced emerging market economies after the 1990s. First, we found that the exchange rate flexibility has increased from the pre-crisis period towards the post-crisis period under the “soft peg” regime. Second, we...

This article examined the sustainability of foreign borrowing in the selected ASEAN countries of Indonesia, Malaysia, the Philippines, and Thailand, all of which have faced a larger current account deficit since the 1990s. Whether the favorable gaps in terms of the excess of their growth rates...

This article examines the real exchange rate behavior during the pre-crisis and post-crisis periods in selected East Asian countries by verifying its long-run stability through unit root tests, and investigates the interaction among the component variables of the real exchange rate, i.e. the...

his article examined post-crisis exchange rate management in selected East Asian countries in terms of exchange rate regimes and targeting. The main findings from our empirical studies are as follows: As far as can be seen from the recent developments of exchange rate arrangements in countries...