Exchange market pressure and monetary policies
High currency pressure in exchange market might bring adverse effect to the economy and inaccurate policy will exacerbate the pressure condition and transform the downturn of economies to full-blown crisis. In order to examine the accurate policy response for currency crisis in four countries, namel...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
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Faculty of Economics and Management, Universiti Putra Malaysia
2017
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| Online Access: | http://psasir.upm.edu.my/id/eprint/58727/1/13-TEY_SHEIK.pdf.pdf |
| _version_ | 1825931866772865024 |
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| author | Tey, Sheik Kyin Lee, Chin |
| author_facet | Tey, Sheik Kyin Lee, Chin |
| author_sort | Tey, Sheik Kyin |
| collection | UPM |
| description | High currency pressure in exchange market might bring adverse effect to the economy and inaccurate policy will exacerbate the pressure condition and transform the downturn of economies to full-blown crisis. In order to examine the accurate policy response for currency crisis in four countries, namely Indonesia, Korea, Malaysia and Philippines, Structural Vector Autoregression (VAR) estimation model is used. The results of SVAR suggested that the expansionary monetary policies help to reduce currency pressure. In addition, domestic credit is dominant tool of monetary policy for managing exchange market pressure. |
| first_indexed | 2024-03-06T09:33:14Z |
| format | Conference or Workshop Item |
| id | upm.eprints-58727 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:33:14Z |
| publishDate | 2017 |
| publisher | Faculty of Economics and Management, Universiti Putra Malaysia |
| record_format | dspace |
| spelling | upm.eprints-587272018-01-30T09:54:26Z http://psasir.upm.edu.my/id/eprint/58727/ Exchange market pressure and monetary policies Tey, Sheik Kyin Lee, Chin High currency pressure in exchange market might bring adverse effect to the economy and inaccurate policy will exacerbate the pressure condition and transform the downturn of economies to full-blown crisis. In order to examine the accurate policy response for currency crisis in four countries, namely Indonesia, Korea, Malaysia and Philippines, Structural Vector Autoregression (VAR) estimation model is used. The results of SVAR suggested that the expansionary monetary policies help to reduce currency pressure. In addition, domestic credit is dominant tool of monetary policy for managing exchange market pressure. Faculty of Economics and Management, Universiti Putra Malaysia 2017 Conference or Workshop Item PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/58727/1/13-TEY_SHEIK.pdf.pdf Tey, Sheik Kyin and Lee, Chin (2017) Exchange market pressure and monetary policies. In: Global Conference on Business and Economics Research (GCBER) 2017, 14-15 Aug. 2017, Universiti Putra Malaysia, Serdang, Selangor. (pp. 273-280). http://www.econ.upm.edu.my/upload/dokumen/20171030153811034-TEY_SHEIK.pdf |
| spellingShingle | Tey, Sheik Kyin Lee, Chin Exchange market pressure and monetary policies |
| title | Exchange market pressure and monetary policies |
| title_full | Exchange market pressure and monetary policies |
| title_fullStr | Exchange market pressure and monetary policies |
| title_full_unstemmed | Exchange market pressure and monetary policies |
| title_short | Exchange market pressure and monetary policies |
| title_sort | exchange market pressure and monetary policies |
| url | http://psasir.upm.edu.my/id/eprint/58727/1/13-TEY_SHEIK.pdf.pdf |
| work_keys_str_mv | AT teysheikkyin exchangemarketpressureandmonetarypolicies AT leechin exchangemarketpressureandmonetarypolicies |