{"id":"https://openalex.org/W2052373952","doi":"https://doi.org/10.1080/00036840600570961","title":"Real exchange rate overvaluation and currency crisis: evidence from Thailand","display_name":"Real exchange rate overvaluation and currency crisis: evidence from Thailand","publication_year":2008,"publication_date":"2008-01-21","ids":{"openalex":"https://openalex.org/W2052373952","doi":"https://doi.org/10.1080/00036840600570961","mag":"2052373952"},"language":"en","primary_location":{"id":"doi:10.1080/00036840600570961","doi":"https://doi.org/10.1080/00036840600570961","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036840600570961","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5074548759","display_name":"Juthathip Jongwanich","orcid":"https://orcid.org/0000-0001-6411-3790","observed_orcids":["https://orcid.org/0000-0001-6411-3790"]},"institutions":[{"id":"https://openalex.org/I4210129130","display_name":"Asian Development Bank","ror":"https://ror.org/036bcm133","country_code":"PH","type":"other","lineage":["https://openalex.org/I4210129130"]}],"countries":["PH"],"is_corresponding":true,"raw_author_name":"Juthathip Jongwanich","raw_affiliation_strings":["Economics and Research Development, Asian Development Bank, Manila, Philippines E-mail: jjongwanich@adb.org"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Economics and Research Development, Asian Development Bank, Manila, Philippines E-mail: jjongwanich@adb.org","institution_ids":["https://openalex.org/I4210129130"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5074548759"],"corresponding_institution_ids":["https://openalex.org/I4210129130"],"apc_list":null,"apc_paid":null,"fwci":1.1611,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.87214478,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":98},"biblio":{"volume":"40","issue":"3","first_page":"373","last_page":"382"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.006399999838322401,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/real-exchange-rate-overvaluation","display_name":"real exchange rate overvaluation","score":0.9700000286102295},{"id":"https://openalex.org/keywords/exchange-rate-misalignment","display_name":"exchange rate misalignment","score":0.9409999847412109},{"id":"https://openalex.org/keywords/currency-crises","display_name":"currency crises","score":0.8970000147819519},{"id":"https://openalex.org/keywords/long-run-equilibrium-exchange-rate","display_name":"long-run equilibrium exchange rate","score":0.9129999876022339},{"id":"https://openalex.org/keywords/internal-and-external-balance","display_name":"internal and external balance","score":0.8930000066757202},{"id":"https://openalex.org/keywords/public-expenditure","display_name":"government spending","score":0.8299999833106995},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.8999999761581421},{"id":"https://openalex.org/keywords/thailand","display_name":"Thailand","score":0.8790000081062317}],"concepts":[{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.8352560997009277},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8247856497764587},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.7764590978622437},{"id":"https://openalex.org/C2776671347","wikidata":"https://www.wikidata.org/wiki/Q1417912","display_name":"Currency crisis","level":3,"score":0.7023777961730957},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.6363345384597778},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.623328685760498},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.46057677268981934},{"id":"https://openalex.org/C2992690401","wikidata":"https://www.wikidata.org/wiki/Q7257739","display_name":"Government expenditure","level":3,"score":0.45378491282463074},{"id":"https://openalex.org/C204208750","wikidata":"https://www.wikidata.org/wiki/Q1519415","display_name":"Short run","level":2,"score":0.4296174943447113},{"id":"https://openalex.org/C145162277","wikidata":"https://www.wikidata.org/wiki/Q1751675","display_name":"Cointegration","level":2,"score":0.4128147065639496},{"id":"https://openalex.org/C2991741723","wikidata":"https://www.wikidata.org/wiki/Q8137","display_name":"Capital flows","level":3,"score":0.4127964377403259},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3941684067249298},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.2555854618549347},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.1537286341190338},{"id":"https://openalex.org/C178283979","wikidata":"https://www.wikidata.org/wiki/Q274490","display_name":"Public finance","level":2,"score":0.08019670844078064},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.07153290510177612},{"id":"https://openalex.org/C34447519","wikidata":"https://www.wikidata.org/wiki/Q179522","display_name":"Market economy","level":1,"score":0.06647980213165283},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C58823610","wikidata":"https://www.wikidata.org/wiki/Q746418","display_name":"Liberalization","level":2,"score":0.0},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1080/00036840600570961","doi":"https://doi.org/10.1080/00036840600570961","is_oa":false,"landing_page_url":"https://doi.org/10.1080/00036840600570961","pdf_url":null,"source":{"id":"https://openalex.org/S201533460","display_name":"Applied Economics","issn_l":"0003-6846","issn":["0003-6846","1466-4283"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-40","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547","https://openalex.org/P4310320449"],"host_organization_lineage_names":["Taylor & Francis","Informa"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Applied Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:taf:applec:v:40:y:2008:i:3:p:373-382","doi":null,"is_oa":false,"landing_page_url":"http://www.tandfonline.com/doi/abs/10.1080/00036840600570961","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.47999998927116394}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320320431","display_name":"Australian National University","ror":"https://ror.org/019wvm592"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":48,"referenced_works":["https://openalex.org/W288307898","https://openalex.org/W410887841","https://openalex.org/W566438312","https://openalex.org/W575313863","https://openalex.org/W587023187","https://openalex.org/W599874208","https://openalex.org/W600185534","https://openalex.org/W1481945423","https://openalex.org/W1486638713","https://openalex.org/W1487592830","https://openalex.org/W1533581707","https://openalex.org/W1534244651","https://openalex.org/W1539694011","https://openalex.org/W1556806284","https://openalex.org/W1561831836","https://openalex.org/W1578762364","https://openalex.org/W1590283014","https://openalex.org/W1603602214","https://openalex.org/W1950231544","https://openalex.org/W2012433945","https://openalex.org/W2044872660","https://openalex.org/W2066871089","https://openalex.org/W2072239837","https://openalex.org/W2086652341","https://openalex.org/W2111697693","https://openalex.org/W2112352537","https://openalex.org/W2122929775","https://openalex.org/W2123094342","https://openalex.org/W2137873244","https://openalex.org/W2148160078","https://openalex.org/W2167876471","https://openalex.org/W2273189401","https://openalex.org/W2322358665","https://openalex.org/W2463523730","https://openalex.org/W3005837643","https://openalex.org/W3024068610","https://openalex.org/W3121133983","https://openalex.org/W3121863184","https://openalex.org/W3124244467","https://openalex.org/W3125426954","https://openalex.org/W3125766261","https://openalex.org/W3125770312","https://openalex.org/W3125990989","https://openalex.org/W4205423032","https://openalex.org/W4229600628","https://openalex.org/W4256569773","https://openalex.org/W4300437412","https://openalex.org/W4388062365"],"related_works":["https://openalex.org/W146745589","https://openalex.org/W2886445753","https://openalex.org/W7010249449","https://openalex.org/W2323274710","https://openalex.org/W2972300554","https://openalex.org/W1556912503","https://openalex.org/W2085937996","https://openalex.org/W1579774440","https://openalex.org/W4320472858","https://openalex.org/W2619369676"],"abstract_inverted_index":{"This":[0],"article":[1],"examines":[2],"real":[3],"exchange":[4,91],"rate":[5,92],"(RER)":[6],"misalignment":[7,35],"in":[8,10,68],"Thailand":[9],"the":[11,14,22,28,40,44,63,66,81,86,94,96],"lead-up":[12],"to":[13,62,99,103],"1997\u20131998":[15],"currency":[16],"crisis.":[17],"The":[18,49],"methodology":[19],"involves":[20],"estimating":[21],"long-run":[23,46,105],"equilibrium":[24,47,106],"RER":[25,34,42,57,97],"based":[26],"on":[27],"internal":[29],"and":[30,76],"external":[31],"balance":[32],"approach.":[33],"is":[36],"measured":[37],"by":[38],"comparing":[39],"actual":[41],"with":[43],"estimated":[45],"RER.":[48],"results":[50],"suggest":[51],"that":[52],"there":[53],"was":[54],"a":[55],"persistent":[56],"overvaluation":[58],"from":[59],"1991":[60],"up":[61],"onset":[64],"of":[65,89],"crisis":[67],"1997.":[69],"\u2018Too":[70],"much\u2019":[71],"net":[72],"short-term":[73],"capital":[74],"inflows":[75],"government":[77],"expenditure":[78],"expansion":[79],"were":[80],"main":[82],"contributory":[83],"factors.":[84],"After":[85],"massive":[87],"depreciation":[88],"nominal":[90],"during":[93],"crisis,":[95],"seems":[98],"have":[100],"gradually":[101],"returned":[102],"its":[104],"level.":[107]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":1},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":4},{"year":2017,"cited_by_count":1},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":3}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
