Research Article

FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES

Volume: 5 Number: 4 December 30, 2018
  • Nuray Terzi *
TR EN

FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES

Abstract

Purpose - The unique features of each exchange rate system, the advantage and disadvantage of them play a decisive role on the financial stability of the country's economy. Therefore, the choice of the right exchange rate system is important for the economic performance of the countries. This study aims to examine the factors affecting the choice of exchange rate of Asian countries.

Methodology - The factors affecting exchange rate selection of Asian economies will be studied within a theoretical framework. In the light of IMF reports, exchange rate policies of Asian countries will be given and relevant literature will be evaluated.

Findings- Both national and international factors are effective in the exchange rate selection. While economic policies, institutions and regimes are among national factors, international factors include US policy, international institutions and financial crises.

Conclusion- In the choice of the exchange rate, Asian economies prefer to take appropriate positions according to the changing conditions of time. The increase in global economic and political relations affects exchange rate systems, and therefore encourages the implementation of competitive exchange rates.

Keywords

References

  1. Aizenman, J ve J. Lee, (2008). Financial Versus Monetary Mercantilism, Long Run View of Large International Reserves Hoarding. World Economy, 31 (5), 593-611.
  2. Bénassy-Quéré, A. ve A. Lahrèche-Révil, (2003). Trade Linkages and Exchange Rates in Asia: The Role of China, CEPII, No. 2003-21,Aralık.
  3. Broz, J.L (2002). Political System Transparency and Monetary Commitment Regimes, International Organizations 56(4) 861-87.
  4. Calvo G. ve C. Reinhart, (2000). Fear of Floating , National Bureau of Economic Research Working Paper 7993, November.
  5. Calvo, G. ve C. Reinhart (2000a): Fixing For Your Life, NBER Working Paper Series, Working Paper 8006, November.
  6. Calvo G. ve C. Reinhart (2002). Fear of Floating. Quarterly Journal of Economics, 2002, 117 (2): 379–408.
  7. Caporale, G.M, A.Luis, G. Alana ve K. You (2016). Exchange Rate Linkages Between Asean Curencies, The US Dollar and The Chines Renminbi, Bank of Finland Research, Discussion Paper, 20.
  8. Cavoli, T. V. Pontines ve R. S. Rajan, (2012). Managed Floating by Stealth : The Case of Taiwan, Journal of the Asia Pacific Economy, 17(3): 514-26.

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Publication Date

December 30, 2018

Submission Date

October 17, 2018

Acceptance Date

December 20, 2018

Published in Issue

Year 2018 Volume: 5 Number: 4

APA
Terzi, N. (2018). FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES. Journal of Economics Finance and Accounting, 5(4), 373-384. https://doi.org/10.17261/Pressacademia.2018.1004
AMA
1.Terzi N. FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES. JEFA. 2018;5(4):373-384. doi:10.17261/Pressacademia.2018.1004
Chicago
Terzi, Nuray. 2018. “FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES”. Journal of Economics Finance and Accounting 5 (4): 373-84. https://doi.org/10.17261/Pressacademia.2018.1004.
EndNote
Terzi N (December 1, 2018) FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES. Journal of Economics Finance and Accounting 5 4 373–384.
IEEE
[1]N. Terzi, “FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES”, JEFA, vol. 5, no. 4, pp. 373–384, Dec. 2018, doi: 10.17261/Pressacademia.2018.1004.
ISNAD
Terzi, Nuray. “FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES”. Journal of Economics Finance and Accounting 5/4 (December 1, 2018): 373-384. https://doi.org/10.17261/Pressacademia.2018.1004.
JAMA
1.Terzi N. FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES. JEFA. 2018;5:373–384.
MLA
Terzi, Nuray. “FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES”. Journal of Economics Finance and Accounting, vol. 5, no. 4, Dec. 2018, pp. 373-84, doi:10.17261/Pressacademia.2018.1004.
Vancouver
1.Nuray Terzi. FACTORS AFFECTING THE CHOICE OF EXCHANGE RATE OF ASIAN COUNTRIES. JEFA. 2018 Dec. 1;5(4):373-84. doi:10.17261/Pressacademia.2018.1004

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