The threat of the unforseen: The impact of terrorist attacks on the US dollar-PH peso exchange rate and its contagion effect on the ASEAN currencies
This paper analyzed the impact of terrorist attacks in the Philippines and in the United Sates towards US dollar-PH peso exchange rate as well as its contagion effect towards ASEAN currencies. Previous studies stated that such events indeed had an impact with the exchange rate and significant crises...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Animo Repository
2017
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/7759 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This paper analyzed the impact of terrorist attacks in the Philippines and in the United Sates towards US dollar-PH peso exchange rate as well as its contagion effect towards ASEAN currencies. Previous studies stated that such events indeed had an impact with the exchange rate and significant crises created a contagion effect towards international markets. The study implemented GARCH (1, 1) model to determine the impact the terrorist attacks to the USD/PHP exchange rate as well as determining the contagion effect towards the ASEAN currencies. The results showed that terrorist attacks from both countries do not have a significant effect towards the USD/PH exchange rate. However, it showed that there is indeed a contagion effect towards a few ASEAN currencies. |
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