کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
981010 1480371 2015 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
On the Determinants of the THB/USD Exchange Rate
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
On the Determinants of the THB/USD Exchange Rate
چکیده انگلیسی

The exchange rate behavior model is among the unsolved research issues, and it should be addressed because of the crucial significance of exchange rates for the economy. This article investigates the macroeconomic fundamentals that may explain the behavior of the exchange rate of the Thai Baht against the US dollar. We use monthly data for the period 2004-2013. Based on a multiple regression approach, our empirical results reveal that the terms of trade and international reserves have a statistically significant impact on the nominal exchange rate THB/USD. However, the interest rates differential, the manufacturing production index, the monetary base and government debt do not exhibit a significant relationship with the exchange rate in Thailand.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Procedia Economics and Finance - Volume 30, 2015, Pages 137-145