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The dynamics of Thailand's real exchange rate

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 pe...

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Main Authors: Abdul Hamid, Baharom, Habibullah, Muzafar Shah, Mohamed, Azali, Chow, Li Shen
Format: Article
Language:English
Published: Institute of Interdisciplinary Business Research 2011
Online Access:http://psasir.upm.edu.my/id/eprint/22830/1/The%20dynamics%20of%20Thailand.pdf
http://psasir.upm.edu.my/id/eprint/22830/
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spelling my.upm.eprints.228302015-10-02T02:51:08Z http://psasir.upm.edu.my/id/eprint/22830/ The dynamics of Thailand's real exchange rate Abdul Hamid, Baharom Habibullah, Muzafar Shah Mohamed, Azali Chow, Li Shen 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). Institute of Interdisciplinary Business Research 2011-03 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/22830/1/The%20dynamics%20of%20Thailand.pdf 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
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
description 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).
format Article
author Abdul Hamid, Baharom
Habibullah, Muzafar Shah
Mohamed, Azali
Chow, Li Shen
spellingShingle Abdul Hamid, Baharom
Habibullah, Muzafar Shah
Mohamed, Azali
Chow, Li Shen
The dynamics of Thailand's real exchange rate
author_facet Abdul Hamid, Baharom
Habibullah, Muzafar Shah
Mohamed, Azali
Chow, Li Shen
author_sort Abdul Hamid, Baharom
title The dynamics of Thailand's real exchange rate
title_short The dynamics of Thailand's real exchange rate
title_full The dynamics of Thailand's real exchange rate
title_fullStr The dynamics of Thailand's real exchange rate
title_full_unstemmed The dynamics of Thailand's real exchange rate
title_sort dynamics of thailand's real exchange rate
publisher Institute of Interdisciplinary Business Research
publishDate 2011
url http://psasir.upm.edu.my/id/eprint/22830/1/The%20dynamics%20of%20Thailand.pdf
http://psasir.upm.edu.my/id/eprint/22830/
_version_ 1643827902446305280
score 13.160551

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