{
  "title": "Characterizing Exchange Rate Regimes in Post-Crisis East Asia",
  "publication": "IMF Working Papers, October 1, 2001",
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  "summary": "This paper examines the behavior of the exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis. The results suggest that movements in the Asia-5 currencies (Indonesia, Korea, Malaysia, Philippines, and Thailand) were significantly influenced by the U.S.",
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    {
      "heading": "Overview",
      "content": "- Paper examines behavior of exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis.\n- Focus on the Asia-5 currencies: Indonesia, Korea, Malaysia, Philippines, and Thailand.\n- Compares pre-crisis and post-crisis exchange rate behavior and against a range of other currencies."
    },
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      "heading": "Key findings",
      "content": "- Movements in the Asia-5 currencies were significantly influenced by the U.S. dollar's day-to-day movements before the crisis, and have continued to be influenced post-crisis.\n- Comparisons with a range of other currencies suggest that strong influence of the U.S. dollar is a fairly common trait across various regimes.\n- Post-crisis data do not support the view that the Asia-5 currencies presently have the same characteristics as they did before the crisis."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Currencies, Exchange rate analysis, Exchange rate arrangements, Exchange rates, Financial crises, Foreign exchange, Money\n- Keywords: Africa, Asia and Pacific, Asian crisis, coefficient estimate, Currencies, dollar coefficient, dollar peg, East Asia, exchange rate, Exchange rate analysis, Exchange rate arrangements, exchange rate flexibility, exchange rate regime, exchange rate regression, exchange rate variation, Exchange rates, regime, regime switch, standard deviation, standard error, U.S dollar, U.S. dollar, volatility, volatility estimate, WP\n\n---\n\n Content in this bundle\n\n- Characterizing Exchange Rate Regimes in Post-Crisis East Asia - WP/01/152\n  - Characterizing Exchange Rate Regimes in Post-Crisis East Asia - WP/01/152 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Characterizing Exchange Rate Regimes in Post-Crisis East Asia - WP/01/152 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/characterizing-exchange-rate-regimes-in-post-crisis-east-asia-15378"
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    "Authors: Taimur Baig",
    "Published: October 1, 2001",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451857092.001",
    "Paper examines behavior of exchange rates of selected emerging market East Asian economies in the aftermath of the Asian crisis.",
    "Focus on the Asia-5 currencies: Indonesia, Korea, Malaysia, Philippines, and Thailand.",
    "Compares pre-crisis and post-crisis exchange rate behavior and against a range of other currencies.",
    "Movements in the Asia-5 currencies were significantly influenced by the U.S. dollar's day-to-day movements before the crisis, and have continued to be influenced post-crisis.",
    "Comparisons with a range of other currencies suggest that strong influence of the U.S. dollar is a fairly common trait across various regimes.",
    "Post-crisis data do not support the view that the Asia-5 currencies presently have the same characteristics as they did before the crisis.",
    "Subject: Currencies, Exchange rate analysis, Exchange rate arrangements, Exchange rates, Financial crises, Foreign exchange, Money",
    "Keywords: Africa, Asia and Pacific, Asian crisis, coefficient estimate, Currencies, dollar coefficient, dollar peg, East Asia, exchange rate, Exchange rate analysis, Exchange rate arrangements, exchange rate flexibility, exchange rate regime, exchange rate regression, exchange rate variation, Exchange rates, regime, regime switch, standard deviation, standard error, U.S dollar, U.S. dollar, volatility, volatility estimate, WP",
    "**Characterizing Exchange Rate Regimes in Post-Crisis East Asia - WP/01/152**"
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