AN ANALYSIS OF EXCHANGE RATE POLICIES OF ASIAN ECONOMIES

Year 2018, Volume: 8 Issue: 1, 61 - 65, 30.12.2018

Nuray Terzi

https://doi.org/10.17261/Pressacademia.2018.982

Abstract

Purpose- The fact that unsustainable exchange rate policies lead to financial crises becomes the focus of debates in economics. With the global financial crisis, these debates has been revived. Therefore, this study aims to analyze the exchange rate policies of selected Asian economies.

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

Findings- The exchange rate policies of Asian economies have constantly changed. They preferred to intervene in the market, even if they switched from fixed exchange rates to flexible rates. The effects of both economic and political factors are observed in exchange rates policies.

Conclusion- The increase in world integration of Asian economies affects exchange rate policies. Both internal factors and external factors were influential in exchange rate policies.

Keywords

Exchange rate, political economy, Asian economies, financial crisis, economy policies

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