Monetary Model of Exchange Rate for Thailand: Long-run Relationship and Monetary Restrictions
This paper examines the long-run relationship between exchange rate and its determinants based on the flexible-price monetary model. Multivariate cointegration approach (Johansan 1988, 1989 and Johansen-Juselius 1990) is adopted to attain our objective of study. The empirical results provide evidenc...
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| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
Universiti Malaysia Sarawak (UNIMAS)
2008
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/3221/1/Monetary%20model.pdf http://ir.unimas.my/id/eprint/3221/ |
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