English, Article edition: Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries Lee Chin; Muzafar Shah Habibullah; M. Azali

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Physical Description
  • article
Language
  • English

Edition details

Title
  • Tests of different monetary aggregates for the monetary models of the exchange rate in five ASEAN countries
Author
  • Lee Chin
  • Muzafar Shah Habibullah
  • M. Azali
Physical Description
  • article
Notes
  • This study examines the usefulness of divisia money, relative to simple sum money, for exchange rate modelling in a period of rapid financial deregulation. This comparison is conducted using the monetary model of the exchange rate. In the long-run modelling, the divisia money is significantly superior to simple sum money in the case of Malaysia and the Philippines while indifferent for Indonesia, Singapore and Thailand.
  • RePEc:taf:applec:v:41:y:2009:i:14:p:1771-1783
Language
  • English
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