X hits on this document

PDF document

Exchange Rate Pegs and Foreign Exchange Exposure in East and South East Asia - page 26 / 33

130 views

0 shares

0 downloads

0 comments

26 / 33

Philippines

Pegged

42

0

0

12

0

6

64

0

Nonpegged

0

6

3

0

0

0

0

3

Notes: Observations are taken weekly from January 1990, to March 2002. Exchange rates are designated pegged during the following periods: Indonesia, January 1, 1990 to July 1, 1997 Korea, January 1, 1990 to October 22, 1997 Malaysia, January 1, 1990 to July 12, 1997; and September 1, 1998 to March 7, 2002 Philippines, January 1, 1990 to July 12, 1997 Taiwan, January 1, 1990 to July 28, 1997 Thailand, January 1, 1990 to July 4, 1997

Indonesia

Pegged

0

0

54

8

0

2

0

2

Nonpegged

2

0

0

0

0

0

12

0

Thailand

Pegged

75

1

0

9

0

20

35

2

Nonpegged

10

0

1

1

0

3

1

4

ri ,t

Malaysia

Pegged

13

6

1

1

43

1

60

1

Nonpegged

0

15

11

0

28

0

0

11

Taiwan

Pegged

1

2

0

0

0

2

30

2

Nonpegged

2

3

0

2

1

1

19

2

  • wi,t

¥

£

US$

¥

£

(2) (3)

(4)

(1)

(2)

(3)

(4)

Korea

Pegged

11

0

2

2

0

0

76

1

Nonpegged

4

0

0

1

0

1

4

0

m=

US$ (1)

Percent of

firms rejecting H0: ȕm=0 at the 5% level

ȕ Positive

ȕ Negative

Table 6:

Sign of Foreign Exchange Exposure

4

4

J 0 J h rh ,t

  • J w rw ,t

¦

m1

E n ,m

D n ,t

sm ,t

¦

m1

E p ,m

D p ,t

sm ,t

Document info
Document views130
Page views135
Page last viewedWed Dec 07 16:30:51 UTC 2016
Pages33
Paragraphs680
Words5041

Comments