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Exchange Rate Pegs and Foreign Exchange Exposure in East and South East Asia - page 27 / 33

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27 / 33

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Hong Kong

--

0

24

0

30

.05

33

Indonesia

54

5

3

0

23

.02

100

Japan

31

28

--

82

66

.01

100

Korea

64

5

15

0

57

.08

100

Malaysia

64

1

36

0

58

.07

98

Philippines

73

3

0

0

46

.03

33

Singapore

76

2

0

0

9

.03

45

Taiwan

1

22

4

3

31

.01

100

Thailand

2

0

2

0

2

.01

100

Australia

22

5

5

5

28

.03

100

New Zealand

26

15

5

3

21

.04

40

Notes: Observations are taken weekly from January 1990, to March 2002.

Median R 2

  • #

    of

firms

Total Foreign Exchange Exposure Table 7: t t t e u r o e u r o t U S U S t i s s s s r , £ £ , ¥ ¥ , $ , $ 0 , + ui,t + + + + = E E E E J

0

j=

Percent of firms rejecting:

H 0 : j j E

£

H0:ȕj=0 at the 5%

US$

¥

level

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