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Exchange market pressure in Korea: dynamic specifications


  • Jai Mah


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.

Suggested Citation

  • Jai Mah, 1998. "Exchange market pressure in Korea: dynamic specifications," Applied Economics Letters, Taylor & Francis Journals, vol. 5(12), pages 765-768.
  • Handle: RePEc:taf:apeclt:v:5:y:1998:i:12:p:765-768 DOI: 10.1080/135048598353989

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    References listed on IDEAS

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    6. Kaldor, Nicholas, 1970. "The Case for Regional Policies," Scottish Journal of Political Economy, Scottish Economic Society, vol. 17(3), pages 337-348, November.
    7. Helmut Hofer & Andreas Worgotter, 1997. "Regional Per Capita Income Convergence in Austria," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 1-12.
    8. Gudgin, Graham, 1995. "Regional Problems and Policy in the UK," Oxford Review of Economic Policy, Oxford University Press, vol. 11(2), pages 18-63, Summer.
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    Cited by:

    1. Shakila Jeisman, 2004. "Exchange Market Pressure in Australia," School of Economics and Finance Discussion Papers and Working Papers Series 183, School of Economics and Finance, Queensland University of Technology.
    2. Sayera Younus, 2010. "Exchange Market Pressure and Monetary Policy," Working Papers id:2389, eSocialSciences.

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