Exchange Rate Risk Under Generalized Floating : : Eight Asian Countries / / Pradumna B. Rana.
This paper examines whether exchange rate risk (defined as the variety of nominal and price-adjusted import-weighed exchange rates) has increased in the present system of generalized floating for eight Asian developing countries. The first major finding is that the samples of import-weighted exchang...
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Superior document: | Title is part of eBook package: De Gruyter Asian Studies Archive (pre 2000) eBook Package |
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Place / Publishing House: | Singapore : : ISEAS Publishing, , [1980] ©1980 |
Year of Publication: | 1980 |
Language: | English |
Online Access: | |
Physical Description: | 1 online resource (20 p.) |
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Other title: | Frontmatter -- PREFACE -- Introduction -- Sample Moments of Nominal and Price-adjusted Import-weighted Exchange Rates -- Measures of Exchange Rate Risk -- Nominal and Real Exchange Rate Risk -- Summary and Conclusions -- APPENDIX -- INSTITUTE OF SOUTHEAST ASIAN STUDIES: Research Programme of the ASEAN Economic Research Unit (AERU) -- LIST OF PUBLICATIONS IN THE RESEARCH NOTES AND DISCUSSIONS PAPERS SERIES |
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Summary: | This paper examines whether exchange rate risk (defined as the variety of nominal and price-adjusted import-weighed exchange rates) has increased in the present system of generalized floating for eight Asian developing countries. The first major finding is that the samples of import-weighted exchange rates conform better to non-normal stable Paretian distributions than to normal ones; sample standard deviation is therefore an erratic and misleading measure of variability. The second is that the scale and Gini's mean difference measures of variability indicate that exchange rate risk has increased substantially - in nominal terms more than in real terms and in the short run more than in the long run. |
Format: | Mode of access: Internet via World Wide Web. |
ISBN: | 9789814377669 9783110649680 9783110606690 |
DOI: | 10.1355/9789814377669 |
Access: | restricted access |
Hierarchical level: | Monograph |
Statement of Responsibility: | Pradumna B. Rana. |