This study investigates the requirement for the exchange rate to be a shock absorber in Indonesia and Thailand from 1986 to 2007. In general, we find that the economic shocks have predominantly been asymmetric relative to the US and the Japanese economies. Yet, the weights attached to the US...

This paper examines Thailand's exchange rate policy, focusing on the degree of the country's real exchange rate misalignment pre-crisis, and their consequent effects on Thailand's trade balance with its two large trading partners, the US and Japan. We estimate misalignment as the difference...

The authors construct macro-and micro-panel data on international bank lending to six Asian economies - Indonesia, the Republic of Korea, Malaysia, Philippines, Singapore, and Thailand - to analyze a number of objectives. The paper first examines the influence of critical determinants not only...