동아시아 국가의 환율변동 요인 분석
분야
사회과학 > 인문지리
저자
이종하 ( Jong Ha Lee ) , 이충열 ( Choong Lyol Lee )
발행기관
한국동남아학회
간행물정보
동남아시아연구 2012년, 제22권 제3호, 1~37쪽(총37쪽)
파일형식
32600547.pdf [무료 PDF 뷰어 다운로드]
  • ※ 본 자료는 참고용 논문으로 수정 및 텍스트 복사가 되지 않습니다.
  • 구매가격
    6,700원
    적립금
    201원 (구매자료 3% 적립)
    이메일 발송  스크랩 하기
    자료 다운로드  네이버 로그인
    영문초록
    This paper investigates common factors of exchange rates volatility in East Asia using the common indexes made by principal component analysis. We employ a structural VAR model to separate underlying factors into global, regional and individual shocks. As a result, we find that the mainly cause of exchange rate volatility is individual factor in East Asian foreign exchange market, and global and regional factors are relatively responsible for small. In case of Japan, domestic phenomenon explains most of volatility. It is play a dominant role in the others, too, but they are different from a weight composition of volatility. The volatility of China, Malaysia and Singapore is mainly explained by regional factors. On the other hands, Korea, Indonesia, Thailand and Philippine caused by global factors. In addition, to consider time-varying effects, we separate the sample period by before and after global financial crisis. The estimation results show that Indonesia has not changed much, but other countries have changed quite a bit. In the foreign exchange market of Korea and Philippine, domestic effects decline and global effects increase. The weight of regional factors in Malaysia reduces and global factors rise. In China and Thailand, the factor caused by global market is decreased but the volatility caused by domestic factor is increased.
    사업자등록번호 220-87-87785 대표.신현웅 주소.서울시 서초구 방배로10길 18, 402호 대표전화.070-8809-9397
    개인정보책임자.박정아 통신판매업신고번호 제2017-서울서초-1765호 이메일 help@reportshop.co.kr
    copyright (c) 2009 happynlife. steel All reserved.