Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/109304
Authors: 
Alba, Joseph Dennis
Park, Donghyun
Year of Publication: 
2007
Series/Report no.: 
ERD Working Paper Series 104
Abstract: 
"Joseph Dennis Alba and Donghyun Park write that the exchange rate peg to the United States dollar is widely believed to have been a major cause of the Asian financial crisis of 1997–1998. Rigid exchange rates may have invited massive capital inflows into East Asia by creating a false sense of security among investors. A substantial empirical literature examines the actual behavior of pre-crisis exchange rates in the region. The authors seek to contribute to this literature by using daily data compared to other studies that tend to use monthly data and other lowerfrequency data."
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/3.0/igo
Document Type: 
Working Paper

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