Exchange market pressure in Korea: dynamic specifications

Author: Mah J. S.

Source: Applied Economics Letters, Volume 5, Number 12, 1 December 1998 , pp. 765-768(4)

Publisher: Routledge, part of the Taylor & Francis Group

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Abstract:

The paper re-examines the performance of the monetary model of the exchange market pressure for Korea. Regression results allowing for dynamics show that all the hypothesized effects on the exchange market pressure are confirmed unlike previous research which adopted non-dynamic specification. Tests also suggest that the dynamic specification of the Korean exchange market pressure equation is well specified and the residuals pass the typical diagnostic checking.

Language: English

Document Type: Research article

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