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Exchange Rate Movements in a Dollarized Economy: The Case of Cambodia
https://iuj.repo.nii.ac.jp/records/436
https://iuj.repo.nii.ac.jp/records/436df56abac-f056-468d-b1d7-0f1966d9bcc2
名前 / ファイル | ライセンス | アクション |
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Item type | 紀要論文 / Departmental Bulletin Paper(1) | |||||
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公開日 | 2010-11-01 | |||||
タイトル | ||||||
タイトル | Exchange Rate Movements in a Dollarized Economy: The Case of Cambodia | |||||
タイトル | ||||||
タイトル | Exchange Rate Movements in a Dollarized Economy: The Case of Cambodia | |||||
言語 | en | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | dollarization | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | exchange rates | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Cambodia | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | dollarization | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | exchange rates | |||||
キーワード | ||||||
言語 | en | |||||
主題Scheme | Other | |||||
主題 | Cambodia | |||||
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 |
Lay, Sok Heng
× Lay, Sok Heng× 柿中, 真× 小谷, 浩示× Lay, Sok Heng× Kakinaka, Makoto× Kotani, Koji |
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抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | There has been an on-going debate on whether dollarization helps stabilize exchange rates for emerging economies. This paper discusses this issue in a highly dollarized country, Cambodia, by empirically examining the relationship between dollarization and exchange rate movements. The GARCH analysis suggests that dollarization induces the depreciation of the Cambodian riel as well as intensifies exchange rate variability. The result is consistent with the argument that dollarization is one of the crucial causes of exchange rate instability. Dollarization in Cambodia could be a constraint on poverty reduction since it tends to affect the living standard of the poor who earn the income in the riel through the depreciation of the currency and intensified volatility of exchange rates. | |||||
書誌情報 |
en : Economics & Management Series 発行日 2010-11-01 |