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3 edition of Exchange rate changes and inflation in post-crisis Asian economies found in the catalog.

Exchange rate changes and inflation in post-crisis Asian economies

Takatoshi ItЕЌ

Exchange rate changes and inflation in post-crisis Asian economies

VAR analysis of the exchange rate pass-through

by Takatoshi ItЕЌ

  • 29 Want to read
  • 31 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Foreign exchange rates -- Asia -- Mathematical models,
  • Inflation (Finance) -- Asia -- Mathematical models

  • Edition Notes

    StatementTakatoshi Ito, Kiyotaka Sato.
    SeriesNBER working paper series -- no. 12395., Working paper series (National Bureau of Economic Research) -- working paper no. 12395.
    ContributionsSato, Kiyotaka., National Bureau of Economic Research.
    The Physical Object
    Pagination49 p. :
    Number of Pages49
    ID Numbers
    Open LibraryOL17630675M
    OCLC/WorldCa70845906

      The country had a run of to percent annual inflation, 7 and the Turkish lira’s foreign exchange rate fell by to percent each year against most currencies. 8. Expected Inflation Changes Forward, Not Current, Exchange Rates. Markets are usually forward looking. Again, you observe a higher volatility in the rupiah–dollar exchange rate than that of the GDP growth rate. In terms of the relationship between changes in the exchange rate and GDP growth rate, the first couple quarters in and , as well as in late and , indicate the appreciation of the rupiah and higher growth rates.

      In this study, panel vector autoregression (PVAR) models are employed to examine the relationships between industrial production growth rate, consumer price inflation, short-term interest rates, stock returns and exchange rate volatility. More specifically, I explored the consequences of the dynamics detected by the models on monetary policy implementation for 10 OECD countries.   Good evening. My discussion tonight will focus on a key transmission channel in an open economy--the exchange rate. 1 The exchange rate is a primary focus of central bankers in small open economies as well as a prime concern of the broader public in those economies--and, to a lesser extent, in even the largest of economies. When I was governor of the Bank of Israel prior to joining .

    The Asian financial crisis was a period of financial crisis that gripped much of East Asia and Southeast Asia beginning in July and raised fears of a worldwide economic meltdown due to financial contagion.. The crisis started in Thailand (known in Thailand as the Tom Yam Kung crisis; Thai: วิกฤตต้มยำกุ้ง) on 2 July, with the financial collapse of the Thai baht.   A pegged rate, or fixed exchange rate, can keep a country's exchange rate low, helping with exports. Conversely, pegged rates can sometimes lead to higher long-term inflation.


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Exchange rate changes and inflation in post-crisis Asian economies by Takatoshi ItЕЌ Download PDF EPUB FB2

Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through Takatoshi Ito, Kiyotaka Sato. NBER Working Paper No. Issued in July NBER Program(s):Economic Fluctuations Cited by:   Exchange Rate Changes and Inflation in Post‐Crisis Asian Economies: Vector Autoregression Analysis of the Exchange Rate Pass‐Through TAKATOSHI ITO Takatoshi Ito is a Professor at the Graduate School of Economics, the University of Tokyo, 7‐2‐1 Hongo, Bunkyo‐ku, Tokyo, ‐, Japan, and a Research Associate in NBER (E‐mail: tito Cited by: Thus, Indonesia's accommodative monetary policy as well as the high degree of the CPI responsiveness to exchange rate changes was important factors that resulted in the spiraling effects of domestic price inflation and sharp nominal exchange rate depreciation in the post-crisis period.

Published: Takatoshi Ito and Kiyotaka Sato, Takatoshi Ito & Kiyotaka Sato, "Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through," NBER Working PapersNational Bureau of Economic Research, Inc.

Takatoshi Ito & Kiyotaka Sato,   Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through NBER Working Paper No.

w 49 Pages Posted: 3 Aug Last revised: 20 Oct Cited by: Ito, T. and Sato, K., “Exchange rate changes and inflation in post-crisis Asian economies: VAR analysis of the exchange rate pass-through”, Journal of Money, Credit and Banking, No 40 (   The rate of inflation in a country can have a major impact on the value of the country's currency and the rates of foreign exchange it has with the currencies of other nations.

However, inflation. Therefore, in the long run, changes in relative inflation rates should lead to a change in the exchange rates. In the post-war period, the UK experience a higher inflation rate than Germany.

This caused the Pound Sterling to depreciate against the German Mark. It was a reflection that German industry was becoming more competitive than UK industry. Campa, Goldberg, and Gonzalez-Minguez: w Exchange-Rate Pass-Through to Import Prices in the Euro Area: Ito and Sato: w Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through: Campa and Goldberg: w Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?: Krugman.

Edwards: w The Relationship Between Exchange Rates and Inflation Targeting Revisited: Dornbusch: w Exchange Rates and Prices: Ito and Sato: w Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through: Mussa: The Theory of Exchange Rate Determination: Dornbusch: w Stopping Hyperinflation: Lessons.

T. Ito, K. SatoExchange rate changes and inflation in post‐crisis Asian economies: Vector Autoregression Analysis of the exchange rate pass‐through Journal of Money, Credit, and Banking, 40 (), pp. Ito, T. and Sato, K. (), “ Exchange rate changes and inflation in post-crisis Asian economies: VAR analysis of the exchange rate pass through ”, Journal of Money, Credit and Banking, Vol.

40 No. 7, pp. Krugman, P. (), Pricing-to-market When the Exchange Rates Changes, MIT Press, Cambridge. Examines the economic impact of globalization on happiness in lower-middle income Asian countries Elicits time, risk and social preferences using experimental design in an emerging economy Features major economic issues such as inequality, foreign direct investment (FDI), trade, inflation targeting, and exchange rates, among others.

Exchange rate movements during the global financial crisis of –09 were unusual. Unlike in two previous episodes – the Asian crisis of –98 and the crisis following the Russian debt default in – in many countries that were not at the centre.

The –98 Asian financial crisis began in Thailand and then quickly spread to neighbouring economies. It began as a currency crisis when Bangkok unpegged the Thai baht from the U.S. dollar, setting off a series of currency devaluations and massive flights of capital.

In the first six months, the value of the Indonesian rupiah was down by 80 percent, the Thai baht by more than 50 percent. w Exchange-Rate Pass-Through to Import Prices in the Euro Area: Goldberg and Campa: w Distribution Margins, Imported Inputs, and the Sensitivity of the CPI to Exchange Rates: Ito and Sato: w Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through: Campa and Goldberg.

As another example, inas the inflation rate declined, you observe an appreciation of the yen approaching 15 percent. The following figure shows the relationship between the change in the rupiah–dollar exchange rate and the inflation rate in Indonesia.

Again, the spike in the exchange rate and the inflation rate indicates the Asian crisis. Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: Vector Autoregression Analysis of the Exchange Rate Pass-Through Macro-economic consequences of large currency depreciations among the crisis-hit Asian economies varied from one country to another.

Inflation did not soar after the Asian currency crisis of in most crisis. Get this from a library. Exchange Rate Changes and Inflation in Post-Crisis Asian Economies: VAR Analysis of the Exchange Rate Pass-Through. [Takatoshi Itō; Kiyotaka Sato] -- Macroeconomic consequences of a large currency depreciation among the crisis-hit Asian economies had varied from one country to another.

Inflation did not soar in most Asian countries, including. Get this from a library. Exchange rate changes and inflation in post-crisis Asian economies: VAR analysis of the exchange rate pass-through.

[Takatoshi Itō; Kiyotaka Sato; National Bureau of Economic Research.] -- Macroeconomic consequences of a large currency depreciation among the crisis-hit Asian economies had varied from one country to another. The Asian Financial Crisis of affected many Asian countries, including South Korea, Thailand, Malaysia, Indonesia, Singapore, and the posting some of the most impressive growth rates in the world at the time, the so-called "tiger economies" saw their stock markets and currencies lose about 70% of their value.

Exchange rate changes and inflation in post-crisis Asian economies: VAR analysis of the exchange rate pass-through. NBER Working Paper No.National Bureau of Economic Research, Cambridge, MA.

Google Scholar; Ito, T and K Sato (). Exchange rate pass-through and domestic inflation: A comparison between East Asia and Latin American.If the exchange rate changes from to, the dollar against the pound, whereas the pound against the dollar.

appreciates;depreciates Suppose that 1 euro trades for in New York and for in London.