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 exchange rate movements and their impact on the external balances in the 1990s in the selected ASEAN countries. The main findings are as follows. The real effective exchange rate (REER) - the relative prices against the world competitors - shows a trend of appreciation...

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...

How does the extent of integration of the Malaysian equity market with the equity markets of Japan and USA vary at different time scales? How dynamic is the extent of co-movement of equity price with the major macroeconomic indicators of Malaysia? In order to answer these two major issues, this...

The issue of relationship between exchange rate and stock market is still not conclusive even though many studies have been done and the results are mixed. There is no theoretical consensus on the relationship between stock prices and exchange rates. Thus, this paper aims to examine the...