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Determination of Equilibrium Real Exchange Rate in Selected SEACEN Countries

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  • Dr. Song Ouk-Heon
  • Vincent Lim Choon-Seng

Abstract

The objectives of this project are: to investigate determinant factors influencing the real exchange rate fluctuations; to measure the real exchange rate deviation from the equilibrium; and to provide some guidance for policymakers in implementing exchange rate policy. For the empirical study, five countries out of the eleven SEACEN countries were picked: Indonesia, Korea, Malaysia, the Philippines and Thailand. These countries experienced the recent Asian financial crisis.

Suggested Citation

  • Dr. Song Ouk-Heon & Vincent Lim Choon-Seng, 2002. "Determination of Equilibrium Real Exchange Rate in Selected SEACEN Countries," Staff Papers, South East Asian Central Banks (SEACEN) Research and Training Centre, number sp66, April.
    • Handle: RePEc:sea:spaper:sp66
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    File URL: http://www.seacen.org/GUI/pdf/publications/staff_paper/2002/SP66.pdf
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