Abstract

http://ssrn.com/abstract=927971
 
 

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A Tale of Two Cities Revisited: Pass-through in Hong Kong & Singapore


Amit Ghosh


Colorado College Department of Economics and Business

Ramkishen S. Rajan


George Mason University - School of Public Policy; Institute of Southeast Asian Studies, Singapore

August 2006

Colorado College Working Paper No. 2006-04

Abstract:     
This paper compares the extent of exchange rate pass-through at the aggregate level into CPI and import prices in Singapore and Hong Kong for the period 1980 to 2005. A priori one might expect that these two economies which have relatively small markets and are highly open with high degree of dependence on foreign goods for domestic consumption, will be faced with relatively high exchange rate pass-through. Results suggest that exchange rate pass-through in Hong Kong is higher than in Singapore. The paper further examines whether pass-through has changed over time in the two economies.

Number of Pages in PDF File: 30

Keywords: Exchange Rate Hong Kong, Pass-through (ERPT), Market share, Singapore

JEL Classification: E31, F41

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Date posted: September 4, 2006  

Suggested Citation

Ghosh, Amit and Rajan, Ramkishen S., A Tale of Two Cities Revisited: Pass-through in Hong Kong & Singapore (August 2006). Available at SSRN: http://ssrn.com/abstract=927971 or http://dx.doi.org/10.2139/ssrn.927971

Contact Information

Amit Ghosh (Contact Author)
Colorado College Department of Economics and Business ( email )
14 East Cache La Poudre Street
Colorado Springs, CO 80903
Ramkishen S. Rajan
George Mason University - School of Public Policy ( email )
3351 Fairfax Dr
Arlington, VA 22201
United States
(1) 703-993-8215 (Fax)

Institute of Southeast Asian Studies, Singapore ( email )
30 Heng Mui Terrace
Pasir Panjang
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