A study on the International Transmission of Economic Disturbances under Different Exchange Rate Regimes

• 발행기관: 한국자료분석학회
• 저자명: 배근호(Gunho Bae) 강준규(Jun Gyu Kang)
• 간행물 정보: 『Journal of The Korean Data Analysis Society (JKDAS)』Vol.8 No.1, 53~61쪽, 전체 9쪽
• 주제분류: 자연과학 > 통계학
• 파일형태: PDF
• 발행일자: 2006.02.28

영문 초록

This research has investigated important but still arguable hypotheses regarding the international transmission of economic disturbances. After the move to a floating exchange regime, it was commonly believed that the greater flexibility of exchange rates under a floating regime would insulate domestic economy from the influence of foreign shocks. Empirical results show the interdependencies between the U.S. and Japanese economies. And, these results provide evidence that flexible exchange rate regime has not in general insulated Japanese economies from foreign influence, since general results obtained here show that Japanese economy was still influenced by the U.S. innovations over the flexible rate period.

목차

1. Introduction

2. Model Specification

3. Results

4. Conclusion

References

키워드

Fixed exchange rate Insulation Flexible exchange rate Disturbances