The dynamics of Thailand's real exchange rate

This study examines the fundamental determinants of the real exchange rate in Thailand during the period of 1976-2006, using the Bounds testing approach suggested by Pesaran et al. (2001). Three main fundamentals are used to identify the RER, namely, the productivity differentials (proxied by GDP pe...

全面介紹

Saved in:
書目詳細資料
Main Authors: Abdul Hamid, Baharom, Habibullah, Muzafar Shah, Mohamed, Azali, Chow, Li Shen
格式: Article
語言:English
出版: Institute of Interdisciplinary Business Research 2011
在線閱讀:http://psasir.upm.edu.my/id/eprint/22830/1/The%20dynamics%20of%20Thailand.pdf
http://psasir.upm.edu.my/id/eprint/22830/
標簽: 添加標簽
沒有標簽, 成為第一個標記此記錄!
實物特徵
總結:This study examines the fundamental determinants of the real exchange rate in Thailand during the period of 1976-2006, using the Bounds testing approach suggested by Pesaran et al. (2001). Three main fundamentals are used to identify the RER, namely, the productivity differentials (proxied by GDP per capita), the net foreign assets position (proxied by the current account balance, CAB), and the real interest rate differential (RIR). The empirical results demonstrate stable long run relationship between the real exchange rate (RER) and GDP per capita (GDPPC), real interest rate (RIR) and current account balance (CAB).