Abhakorn, Pongrapeeporn; Tantisantiwong, Nongnuch - In: Journal of Asian Economics 23 (2012) 1, pp. 26-38
This paper investigates the impact of the Unremunerated Reserve Requirement (URR) measure recently imposed in Thailand by applying three quantitative techniques of Edison and Reinhart (2001). We find that the URR measure was not completely effective in stabilizing the exchange rate, which was...