X hits on this document

PDF document

Exchange Rate Pegs and Foreign Exchange Exposure in East and South East Asia - page 23 / 33

113 views

0 shares

0 downloads

0 comments

23 / 33

Table 3: Residual Foreign Exchange Exposure by Period

ri , t

= J 0 + J h rh ,t

  • +

    J w rw ,t

4

  • +

    E j ,US $

j =1

D j sUS $,t

4

  • +

    E j ,euro

j =1

D j seuro ,t

4

  • +

    E j , ¥

j =1

D j s¥ ,t

4

  • +

    E j

j =1

D j s£ ,t

  • +

    vi,t

Percent of 1990-92

firms rejecting 1993-95

: H0: ȕj=0 at 1996-98

3 27 3

3 3 12

0 18 0

1 10 0 7

10 2 3 3

59 4 12 4

19 4 5

54 5 14

31 17 3

-- -- -- --

8 5 4 4

70 1 19 2

-- -- -- --

7 1 3 4

63 1 2 1

12 0 6 3

12 9 3 9

55 6 3 0

2 2 4 4

4 2 0 2

38 7 24 4

2 1 0 3

15 14 5 31

9 12 5 4

3 9 4 9

6 15 9 2

3 1 6 16

Median R 2 0.74

j=

Hong Kong:

Euro Yen Pound

Indonesia:

0.52

U.S. Dollar Euro Yen Pound

Japan:

0.69

U.S. Dollar Euro Pound

Korea:

0.29

U.S. Dollar Euro Yen Pound

Malaysia:

0.38

U.S. Dollar Euro Yen Pound

Philippines:

0.32

U.S. Dollar Euro Yen Pound

Singapore:

0.95

U.S. Dollar Euro Yen Pound

Taiwan:

0.69

U.S. Dollar Euro Yen Pound

Thailand:

0.56

U.S. Dollar Euro Yen Pound

the 5% level 1999-02

15 6 3

9 7 12 2

15 4 0

62 7 5 4

10 5 35 2

12 3 6 0

13 16 4 13

37 11 3 6

37 2 7 3

U.S. Dollar

0

8

8

10

Euro

7

0

3

5

Yen

0

3

3

8

Pound

5

0

0

3

U.S. Dollar

7

7

2

7

Euro

7

5

7

13

Yen

3

6

12

6

Pound

18

9

7

4

Australia:

0.27

New Zealand:

0.57

Document info
Document views113
Page views118
Page last viewedTue Nov 15 22:29:24 UTC 2016
Pages33
Paragraphs680
Words5041

Comments