Monetary model of exchange rate for Thailand : long-run relationship and monetary restrictions.
This paper examines the long-run relationship between exchange rate and its determinants based on the flexible-price monetary model. The multivariate cointegration approach is adopted to attain our objective of this study. The empirical results provide evidence favoring the monetary approach to exch...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English English |
| Published: |
Routledge
2009
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| Online Access: | http://psasir.upm.edu.my/id/eprint/15719/1/Monetary%20model%20of%20exchange%20rate%20for%20Thailand.pdf |