Measuring shocks to exchange rate under floating regime


Abstract: The effect of nominal and real shocks to real exchange rates under floating exchange rate system was examined. The real exchange rates in the U.S. dollar. Thailand was used as an event study during the economic crisis. Ever since the floating exchange rate system was in effect in the third quarter of 1997, some policymakers have called for policies designed to keep the exchange rate within the target range. A vector autoregression (VAR) was employed to investigate the joint behavior of real and nominal exchange ...

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