Choice of exchange rate system and macroeconomic volatility of three Asian emerging economies

References

• Baxter , Marianne and Stockman , Alan C. 1989 . Business cycles and the exchange-rate regime. Some international evidence . Journal of Monetary Economics , 23 : 377 – 400 .
   Web of Science ®Google Scholar
• Bollerslev , Tim . 1986 . Generalized autoregressive conditional heteroscedasticity . Journal of Econometrics , 31 ( 3 ) : 307 – 327 .
   Web of Science ®Google Scholar
• Drost , F. C. and Nijam , T. E. 1995 . “ Temporal aggregation of GARCH process ” . In ARCH: Selected readings , Edited by: Engle , R. F. New York : Oxford University Press .
   Google Scholar
• Flood , R. P. and Rose , A. K. 1995 . Fixing exchange rates. A virtual quest for fundamentals . Journal of Monetary Economics , 36 : 3 – 37 .
   Web of Science ®Google Scholar
• Flood , R. P. 1999 . Understanding exchange rate volatility without the contrivance of macroeconomics . The Economic Journal , 109 : 660 – 672 .
   Web of Science ®Google Scholar
• Friedman , M. 1953 . “ The case for flexible exchange rates ” . In Essays in positive economics , Chicago : University of Chicago Press .
   Google Scholar
• Gallagher , Liam A. 2000 . Macroeconomic shocks under alternative exchange rate regimes: The Irish experience . Applied Economics , 32 : 933 – 944 .
   Web of Science ®Google Scholar
• Hussain , A. M. , Mody , A. and Rogoff , K. S. 2005 . Exchange rate regime durability and performance in developing versus advanced economies . Journal of Monetary Economics , 52 : 35 – 64 .
   Google Scholar
• Rajan , R. S. , Sen , R. and Siregar , R. Y. 2004 . Misalignment of the Baht and its trade balance consequence for Thailand in the 1980s and 1990s . The World Economy , 27 : 985 – 1012 .
   Google Scholar
• Ran , J. 2002 . Volatility of fundamental variables under different exchange rate system – A simple test for Hong Kong . Applied Economics , 34 : 253 – 258 .
   Web of Science ®Google Scholar
• Siregar , R. Y. and Rajan , R. S. 2006 . “ Models of equilibrium real exchange rates revisited: A selective review of the literature ” . Discussion Paper No. 0604, Centre for International Economic Studies, University of Adelaide, Australia
   Google Scholar
• Stein , J. 1994 . “ The natural real exchange rate of the US dollar and determinants of capital flows ” . In Estimating equilibrium exchange rates , Edited by: Williamson , J. Washington, DC : Institute for International Economics .
   Google Scholar
• Stein , J. 1994 . “ The natural real exchange rate: Theory and application to the real exchange rate of the US dollar relative to the G8 and to the real effective exchange rate of Germany ” . Working Paper No. 96-4, Department of Economics, Brown University
   Google Scholar