Monetary Model of Exchange Rate for Thailand: Long-run Relationship and Monetary Restrictions

• المؤلفون الرئيسيون: Liew, Venus Khim-Sen, Ahmad Zubaidi, Baharumshah, Puah, Chin-Hong
• التنسيق: Working Paper
• اللغة: English
• منشور في: Universiti Malaysia Sarawak (UNIMAS) 2008
• الموضوعات: AC Collections. Series. Collected works; HG Finance; HJ Public Finance
• الوصول للمادة أونلاين: http://ir.unimas.my/id/eprint/3221/1/Monetary%20model.pdf; http://ir.unimas.my/id/eprint/3221/

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...