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...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Institute of Interdisciplinary Business Research
2011
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22830/ http://psasir.upm.edu.my/id/eprint/22830/1/The%20dynamics%20of%20Thailand.pdf |
| _version_ | 1848844592449847296 |
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| author | Abdul Hamid, Baharom Habibullah, Muzafar Shah Mohamed, Azali Chow, Li Shen |
| author_facet | Abdul Hamid, Baharom Habibullah, Muzafar Shah Mohamed, Azali Chow, Li Shen |
| author_sort | Abdul Hamid, Baharom |
| building | UPM Institutional Repository |
| collection | Online Access |
| 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). |
| first_indexed | 2025-11-15T08:33:22Z |
| format | Article |
| id | upm-22830 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T08:33:22Z |
| publishDate | 2011 |
| publisher | Institute of Interdisciplinary Business Research |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-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 |
| spellingShingle | Abdul Hamid, Baharom Habibullah, Muzafar Shah Mohamed, Azali Chow, Li Shen The dynamics of Thailand's real exchange rate |
| title | 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_short | The dynamics of Thailand's real exchange rate |
| title_sort | dynamics of thailand's real exchange rate |
| url | http://psasir.upm.edu.my/id/eprint/22830/ http://psasir.upm.edu.my/id/eprint/22830/1/The%20dynamics%20of%20Thailand.pdf |