| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w6729 |
| 来源ID | Working Paper 6729 |
| How Did the Dollar Peg Fail in Asia? | |
| Takatoshi Ito; Eiji Ogawa; Yuri Nagataki Sasaki | |
| 发表日期 | 1999-08-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | In this paper we have constructed a theoretical model in which Asian firms maximize their profit, competing with Japanese and US firms in their markets. The duopoly model is used to determine export prices and volumes in response to the exchange rate fluctuations vis-…-vis the Japanese yen and the US dollar. Then, the optimal basket weight to minimize the fluctuation of the growth rate of trade balance is derived. These are the novel features of our model. The export price equation and export volume equation are estimated for several Asian countries for the sample period of 1981 to 1996. Results are generally reasonable. The optimal currency weights for the yen and the US dollars are derived and compared with actual weights that had been adopted before the currency crisis of 1997. For all the countries in the sample, it is shown that the optimal weight of the yen is significantly higher than the actual weight. |
| 主题 | International Economics ; International Finance ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w6729 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564814 |
| 推荐引用方式 GB/T 7714 | Takatoshi Ito,Eiji Ogawa,Yuri Nagataki Sasaki. How Did the Dollar Peg Fail in Asia?. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w6729.pdf（1802KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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