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dc.creator Kang, Sammo
dc.creator Kim, Soyoung
dc.creator Wang, Yunjong
dc.creator Yoon, Deok Ryong
dc.date 2003
dc.date.accessioned 2013-10-16T07:03:40Z
dc.date.available 2013-10-16T07:03:40Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19210
dc.identifier ppn:365919519
dc.identifier RePEc:zbw:hwwadp:26297
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19210
dc.description Japan and Korea are close countries in terms of economic interaction as well as geography. To quantify the impact of changes in the yen-dollar exchange rate on the Korean economy before and after the crisis in 1997, the sample period has been divided into two sub-periods and the causal relationships examined by using vector autoregression analysis. Our estimates show that while the response of Korean industrial production to changes in the yen-dollar exchange rate was not significant during the pre-crisis period, it became significant during the post-crisis period. The forecast error variance decomposition also confirms that the yen-dollar exchange rate shocks have almost negligible explanatory power with regards to Korean industrial production during the pre-crisis period, but they have some significance for the postcrisis period. These empirical results show that the free floating exchange rate regime adopted since the crisis cannot insulate the Korean economy from external nominal shocks such as the yen-dollar exchange rate shocks.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 238
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject F41
dc.subject E32
dc.subject F36
dc.subject ddc:330
dc.subject Wechselkurs
dc.subject Wechselkurssystem
dc.subject Schock
dc.subject Konjunkturzusammenhang
dc.subject Industrielle Produktion
dc.subject Schätzung
dc.subject Japan
dc.subject Südkorea
dc.title Exchange Rate and Output Dynamics Between Japan and Korea
dc.type doc-type:workingPaper
dc.coverage 1990-2002


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أعرض تسجيلة المادة بشكل مبسط