The purpose of this paper is to investigate whether the impact of the Japanese yen on the values of East Asian currencies has increased since the 1997 East Asian financial crisis. In particular, this paper focuses on four crisis-affected countries: Indonesia, the Republic of Korea, the...

The purpose of this paper is to investigate the impact of exchange rate volatility on exports among 14 Asia Pacific countries, where various measures to raise the intra-region trade are being implemented. Specifically, this paper estimates a gravity model, in which the dependent variable is the...

After the Asian financial crisis, Indonesia changed its exchange rate system from a managed floating to flexible type, allowing market forces greater influence in determining the country's exchange rate. While the managed floating exchange rate system has brought predictable results to a certain...