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Real Shock or Nominal Shock?: Exchange Rate Movements in Cambodia and Lao PDR
https://iuj.repo.nii.ac.jp/records/423
https://iuj.repo.nii.ac.jp/records/423ab0991c5-e753-41c1-80fd-0fb03506d20e
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
EMS_2010_05 (370.7 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
|---|---|---|---|---|---|---|
| 公開日 | 2010-04-01 | |||||
| タイトル | ||||||
| タイトル | Real Shock or Nominal Shock?: Exchange Rate Movements in Cambodia and Lao PDR | |||||
| タイトル | ||||||
| タイトル | Real Shock or Nominal Shock?: Exchange Rate Movements in Cambodia and Lao PDR | |||||
| 言語 | en | |||||
| 言語 | ||||||
| 言語 | eng | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Real and nominal exchange rates | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Real and nominal shocks | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | SVAR analysis | |||||
| キーワード | ||||||
| 主題Scheme | Other | |||||
| 主題 | Cambodia and Lao PDR | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Real and nominal exchange rates | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Real and nominal shocks | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | SVAR analysis | |||||
| キーワード | ||||||
| 言語 | en | |||||
| 主題Scheme | Other | |||||
| 主題 | Cambodia and Lao PDR | |||||
| 資源タイプ | ||||||
| 資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
| 資源タイプ | departmental bulletin paper | |||||
| 著者 |
Ok, Seiha
× Ok, Seiha× 柿中, 真× 宮本, 弘暁× Ok, Seiha× Kakinaka, Makoto× Miyamoto, Hiroaki |
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| 抄録 | ||||||
| 内容記述タイプ | Abstract | |||||
| 内容記述 | This paper discusses a primary factor responsible for exchange rate fluctuations of the Cambodian riel and the Laotian kip against the US dollar. The dynamic effects of real and nominal shocks are examined through applying a vector autoregression (VAR) model of real and nominal exchange rates under the assumption of the long-run neutrality of nominal shocks on real exchange rates. This approach allows us to decompose exchange rate movements into two components, real and nominal factors, in order to identify how these factors influence exchange rate fluctuations. The empirical analysis demonstrates that real shocks in direction of depreciation lead to real and nominal depreciation, while nominal shocks induce long-run nominal depreciation but real appreciation in the short-run. | |||||
| 書誌情報 |
en : Economics & Management Series 発行日 2010-04-01 |
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