@article{oai:kansai-u.repo.nii.ac.jp:00002811,
 author = {Motonishi, Taizo},
 journal = {東アジア経済・産業における新秩序の模索},
 month = {Mar},
 note = {Over 10 years after the East Asia currency crisis, the degree of exchange rate misalignment is still an issue of contention for East Asian countries. This study evaluates the degrees of currency misalignment of Korea, China, Malaysia, Thailand, the Philippines, and Indonesia by examining absolute purchasing power parity(PPP)-income  relationships using panel data. The distinction between local currency misalignments and the US dollar misalignment is stressed. The estimated misalignments in 2007 were 22.4 per cent overvaluation for the Indonesian rupiah, 12.5 per cent overvaluation for the Philippine peso, and 15.6 per cent undervaluation for the Malaysian ringgit.},
 pages = {23--53},
 title = {Are the East Asian Currencies Still Misaligned? An Analysis Based on Absolute PPP-Income Relationship Using Panel Data},
 year = {2013}
}