Identifying And Dating The Episodes Of Speculative Pressures Against The Singapore Dollar
AbstractThe key objective of this study is to bring into light several shortcomings of early literatures in identifying episodes of currency crises. A careful examination of the basic statistical distribution of exchange market pressure index, based on a weighting scheme proposed by Eichengreen–Rose–Wyplosz (1995, 1996), reveals that the conventional method of defining currency crisis is statistically flawed. This study applies an alternative statistical method known as Extreme Value Analysis (EVA), originally developed by Hill (1975), and, more recently, extended by Huisman et al. (2001) to the case of Singapore from 1985 to 2003.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by World Scientific Publishing Co. Pte. Ltd. in its journal The Singapore Economic Review.
Volume (Year): 51 (2006)
Issue (Month): 02 ()
Contact details of provider:
Web page: http://www.worldscinet.com/ser/ser.shtml
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Stavarek, Daniel & Dohnal, Marek, 2009. "Exchange Market Pressure in Central Europe: An Application of the Girton-Roper Model," MPRA Paper 15744, University Library of Munich, Germany.
- Stavarek, Daniel, 2010. "Exchange Market Pressure and De Facto Exchange Rate Regime in the Euro-Candidates," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 119-139, July.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tai Tone Lim).
If references are entirely missing, you can add them using this form.