| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5086296 | Japan and the World Economy | 2012 | 12 Pages |
Abstract
⺠This paper analyzes the impacts of the US monetary shocks on East Asian countries using structural VAR model. ⺠In the floating exchange rate regime, interest rate strongly responds to the U.S. interest rate shocks but exchange rate does not respond much, probably because of fear of floating. ⺠In the fixed exchange rate regime with capital account restriction, neither exchange rate nor interest rate responds much.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Soyoung Kim, Doo Yong Yang,