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Sources of Variations Between The Inflation Rates of Korea, Thailand and Indonesia During The Post-1997 Crisis

  • Gulasekaran Rajaguru

    ()

    (Department of Economics, National University of Singapore.)

  • Reza Siregar

    ()

    (School of Economics, University of Adelaide, Australia)

Despite the large number of studies done on the recent East Asian crisis, hardly any of them has however simultaneously evaluated the roots of the inflationary pressures and unearthed the sources of sharp variations between the inflation rates of the various crisis-effected economies. To help fill in this gap, our paper examines and contrasts the sources of inflation in Thailand, Indonesia and South Korea during the period of 1985 to 2001. A number of potential sources of inflation will be considered in the study. But this study pays a particular attention to the possible roles of the monetary aggregates and the exchange rate uncertainties in encapsulating the rise in the inflationary pressures and the variations between the inflation rates experienced by these economies during the 1997 crisis.

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Paper provided by University of Adelaide, Centre for International Economic Studies in its series Centre for International Economic Studies Working Papers with number 2002-29.

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Length: 52 pages
Date of creation: Nov 2002
Date of revision:
Handle: RePEc:adl:cieswp:2002-29
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