Lau, Evan; Yong, Jenny; Bariyah, Nurul - In: Recent developments in Asian economics, (pp. 263-280). 2021
This chapter model the factors behind the instability of exchange rate by using exchange market pressure (EMP) index. The authors focus first to construct the EMP and then secondly, test the interrelationship between EMP, real gross domestic product, money supply (M2), consumer price index,...