Abstract
The paper re-examines the performance of the monetary model of the exchange market pressure for Korea. Regression results allowing for dynamics show that all the hypothesized effects on the exchange market pressure are confirmed unlike previous research which adopted non-dynamic specification. Tests also suggest that the dynamic specification of the Korean exchange market pressure equation is well specified and the residuals pass the typical diagnostic checking.
| Original language | English |
|---|---|
| Pages (from-to) | 765-768 |
| Number of pages | 4 |
| Journal | Applied Economics Letters |
| Volume | 5 |
| Issue number | 12 |
| DOIs | |
| State | Published - 1998 |