SOME EMPIRICAL EVIDENCE OF EXCHANGE MARKET PRESSURE IN SINGAPORE-Reference-Cited by-同舟云学术

SOME EMPIRICAL EVIDENCE OF EXCHANGE MARKET PRESSURE IN SINGAPORE

Published:2004-04 Issue:01 Volume:49 Page:55-69
ISSN:0217-5908
Container-title:The Singapore Economic Review
language:en
Short-container-title:Singapore Econ. Rev.

Author:

AKIBA HIROYA¹,IIDA YUKIHIRO²

Affiliation:

1. School of Political Science & Economics, Waseda University, Tokyo, Japan

2. Graduate School of Economics, Waseda University, Tokyo, Japan

Abstract

This paper examines an intervention index in the foreign exchange market, applying the quarterly data of the Singapore economy during the 1990's. The intervention index measures intervention activity as the proportion of exchange market pressure relieved by exchange market intervention. Singapore is selected because (1) it is a small open economy and consistent with this empirical study, and (2) it has been affected by speculative attacks. The specific interest is the effectiveness of intervention conducted by the Singapore authority to mitigate exchange market pressure. It is concluded that the overall intervention activity is surprisingly successful over the sample period.

Publisher

World Scientific Pub Co Pte Lt

Subject

Economics and Econometrics

Link

https://www.worldscientific.com/doi/pdf/10.1142/S0217590804000792

Reference27 articles.

1. A Re-Examination of the Monetary Model of Exchange Market Pressure: Canada, 1963-1988

2. IMF Working Paper, WP/96/95;Chan Kenneth S.,1996

3. Hwee K. Chow and Yoonbai Kim, Singapore Economy in the 21st Century: Issues and Strategies, eds. A. T. Koh (McGraw-Hill, Singapore, 2002) pp. 443–465.

Cited by 1 articles. 订阅此论文施引文献订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献

1. IDENTIFYING AND DATING THE EPISODES OF SPECULATIVE PRESSURES AGAINST THE SINGAPORE DOLLAR;The Singapore Economic Review;2006-08