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Tracing Exchange Rate Volatility in Cambodia, Laos, Myanmar and Vietnam (CLMV)
[dataset]
2018
The general aim of this paper is to examine the eectiveness of the ExchangeMarket Pressure (EMP) index in suciently tracing the presence ofeconomic crises. The index was unveiled by Girton and Roper (1977) toassist policy makers in responding conclusively when severe compressionsin currencies emerge. This study provides a better acumen for how smallopen economies maintain and stabilize their exchange rates and keep othermacroeconomic variables under control through policy responses by means
doi:10.1285/i20705948v11n1p168
fatcat:ye2odq3xp5bo3ngsmnn2r44hj4