Impacts of Korea's Exchange Rate Uncertainty on Exports

Impacts of Korea's Exchange Rate Uncertainty on Exports

This paper examines the effects of two types of uncertainty related to the real effective exchange rate (REER) in Korea for export trends. To decompose uncertainties into two types of component, I propose an advanced generalized Markov switching model, as developed by Hamilton (1989) and then expand...

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Bibliographic Details
Main Author: Kwon Sik Kim
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2003-12-01
Series:East Asian Economic Review
Subjects:
Exchange Rate Uncertainty
Korea
Export
Markov Switching Model
Kalman Filter
Markov-switching
Online Access:http://dx.doi.org/10.11644/KIEP.JEAI.2003.7.2.109

Internet

http://dx.doi.org/10.11644/KIEP.JEAI.2003.7.2.109

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