Kearney, Colm; Muckley, Cal - In: Asia pacific financial markets in comparative …, (pp. 29-51). 2005
We study up to 27 years of weekly data on nine currencies to examine the importance of the Japanese yen in exchange rate determination in North and Southeast Asia. We combine a time-varying methodology alongside a focus on long-run equilibrium. Our findings suggest that the Japanese yen had...
