Economic Journal of Emerging Markets
Volume 9 Issue 1, 2017

Rethinking the exchange rate disconnect puzzle theory in ASEAN-6

Adhitya Wardhono (Department of Economis and Development Studies, University of Jember)
Badara Shofi Dana (Department of Economis and Development Studies, University of Jember)
M. Abd. Nasir (Department of Economis and Development Studies, University of Jember)

Article Info

Publish Date
31 Mar 2017

Abstract

The theory of the exchange rate disconnect puzzle provides evidence of the instability of exchange rate relationship with macroeconomic fundamentals. This study will analyse the enactment of the theory of the exchange rate disconnect puzzle with the macroeconomic fundamental phenomenon in affecting the exchange rate movements in the ASEAN-6. The method of analysis Generalized Method of Moment (GMM) with panel data is used to provide an explanation for the existence of the theory of the exchange rate puzzle disconnect. Results the analysis showed the relationship between macroeconomic fundamentals through proxies of the monetary approach affect to exchange rate movements in the ASEAN-6.

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Journal Info
Economic Journal of Emerging Markets
Website

Abbrev

JEP

Publisher

Universitas Islam Indonesia

Subject

Economics, Econometrics & Finance

Description

The Economic Journal of Emerging Markets (EJEM) is a peer-reviewed journal which provides a forum for scientific works pertaining to emerging market economies. Published every April and October, this journal welcomes original research papers on all aspects of economic development issues. The journal ...