Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries

This study examines the usefulness of divisia money, relative to simple sum money, for exchange rate modelling in a period of rapid financial deregulation. This comparison is conducted using the monetary model of the exchange rate. In the long-run modelling, the divisia money is significantly superior to simple sum money in the case of Malaysia and the Philippines while indifferent for Indonesia, Singapore and Thailand.

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Year of publication:	2009
Authors:	Chin, Lee ; Habibullah, Muzafar Shah ; Azali, M.
Published in:	Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 41.2009, 14, p. 1771-1783
Publisher:	Taylor & Francis Journals

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004966996