The dynamics of Thailand's real exchange rate

Citation

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

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).

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Additional Metadata

Item Type:	Article
Divisions:	Faculty of Economics and Management
Publisher:	Institute of Interdisciplinary Business Research
Keywords:	Real exchange rate; Thailand; ARDL
Depositing User:	Nabilah Mustapa
Date Deposited:	27 Jul 2015 04:10
Last Modified:	02 Oct 2015 02:51
URI:	http://psasir.upm.edu.my/id/eprint/22830
Statistic Details:	View Download Statistic

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