Stability in ASEAN+3 exchange markets: An EGARCH-M approach
This paper empirically investigates the advancement of exchange markets’ stability and comovement after the ASEAN+3 financial cooperation agreement. The study employs EGARCH-in-mean approach and uses daily exchange rates. The findings indicate that: 1) the exchange market volatility is resulted from...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
World Scientific and Engineering Academy and Society (WSEAS)
2015
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/52785/ http://irep.iium.edu.my/52785/ http://irep.iium.edu.my/52785/1/Stability%20in%20ASEAN%2B3%20exchange%20markets-%20An%20EGARCH-M%20approach.pdf |