Citation
Tey, Sheik Kyin and Lee, Chin
(2017)
Exchange market pressure and monetary policies.
In: Global Conference on Business and Economics Research (GCBER) 2017, 14-15 Aug. 2017, Universiti Putra Malaysia, Serdang, Selangor. (pp. 273-280).
Abstract
High currency pressure in exchange market might bring adverse effect to the economy and inaccurate policy will exacerbate the pressure condition and transform the downturn of economies to full-blown crisis. In order to examine the accurate policy response for currency crisis in four countries, namely Indonesia, Korea, Malaysia and Philippines, Structural Vector Autoregression (VAR) estimation model is used. The results of SVAR suggested that the expansionary monetary policies help to reduce currency pressure. In addition, domestic credit is dominant tool of monetary policy for managing exchange market pressure.
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Additional Metadata
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Divisions: | Faculty of Economics and Management |
| Publisher: | Faculty of Economics and Management, Universiti Putra Malaysia |
| Keywords: | Exchange market pressure; Monetary policies; Structural VAR |
| Depositing User: | Nabilah Mustapa |
| Date Deposited: | 30 Jan 2018 09:54 |
| Last Modified: | 30 Jan 2018 09:54 |
| URI: | http://psasir.upm.edu.my/id/eprint/58727 |
| Statistic Details: | View Download Statistic |
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