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The dynamics of Thailand's real exchange rate

Abdul Hamid, Baharom and Habibullah, Muzafar Shah and Mohamed, Azali and Chow, Li Shen (2011) The dynamics of Thailand's real exchange rate. Interdisciplinary Journal of Contemporary Research in Business, 2 (11). pp. 23-31. ISSN 2073-7122

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Abstract

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).

Item Type:Article
Keyword:Real exchange rate; Thailand; ARDL
Faculty or Institute:Faculty of Economics and Management
Publisher:Institute of Interdisciplinary Business Research
ID Code:22830
Deposited By: Nabilah Mustapa
Deposited On:27 Jul 2015 12:10
Last Modified:02 Oct 2015 10:51

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