Economic Shocks and Exchange Rate as a Shock Absorber in Indonesia and Thailand

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Siwei Goo; Reza Siregar;
  • Publisher: South East Asian Central Banks (SEACEN) Research and Training Centre
  • Subject: Economic Shocks; Shock Absorber; Exchange Rate; Structural Vector Autoregression; Indonesia; Thailand
    • jel: jel:F31 | jel:C22 | jel:E52

This study investigates the requirement for the exchange rate to be a shock absorber in Indonesia and Thailand from 1986 to 2007. In general, we find that the economic shocks have predominantly been asymmetric relative to the US and the Japanese economies. Yet, the weig... View more
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