A Study on Won/Dollar Real Effective Exchange Rate for 1990s
It is argued that the Korean Won had been overvalued before its currency crisis in 1997. This paper assesses whether Korea experienced real appreciation in the 1990s. To do this, it estimates real effective exchange rates using 16 trade partner’s trade weights and monthly data. According to the resu...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Korea Institute for International Economic Policy
1999-12-01
|
| Series: | East Asian Economic Review |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.11644/KIEP.JEAI.1999.3.4.53 |