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

• 主要な著者: Liew, Venus Khim-Sen, Ahmad Zubaidi, Baharumshah, Puah, Chin-Hong
• フォーマット: Working Paper
• 言語: English
• 出版事項: Universiti Malaysia Sarawak (UNIMAS) 2008
• 主題: AC Collections. Series. Collected works; HG Finance; HJ Public Finance
• オンライン･アクセス: 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...