Exchange Rate Determination: The Case of Singapore
AbstractIn this paper; several models of exchange rate determination are applied to the Singapore-US exchange rate. A composite model, synthesising elements of the portfolio-balance and monetary models, is found to yield more satisfactory estimates and better out-of-sample forecasts than the conventional models. The results suggest that it is a fairly good approximation to model the exchange rate determination process in Singapore as though official intervention played a relatively minor role (compared to prevailing market forces).
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Bibliographic InfoPaper provided by University of Adelaide, School of Economics in its series School of Economics Working Papers with number 1989-01.
Date of creation: 1989
Date of revision:
exchange rate; economic models; international trade;
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- Venus Khim-Sen Liew & Ahmad Zubaidi Baharumshah & Kian-Ping Lim, 2003.
"On Singaporean Dollar-U.S. Dollar and Purchasing Power Parity,"
0309001, EconWPA, revised 01 Nov 2004.
- Venus Khim-Sen Liew & Ahmad Zubaidi Baharumshah & Kian-Ping Lim, 2004. "On Singaporean Dollar-U.S. Dollar and Purchasing Power Parity," International Trade 0405004, EconWPA.
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