In light of the long-standing vision of economic and monetary integration in the ASEAN (Association of Southeast Asian Nations) region and the importance of coordinating monetary policies to achieve it, the objective of this article is to assess the monetary policy synchronization among the...

This paper uses recently developed econometric techniques to investigate the demand for money in Thailand. Initial estimates show the absence of any long-term, unique relationship among a monetary aggregate (M1 or M2), an income and a price variable. However, the introduction of an exchange rate...

This paper investigates the behaviour of M2 velocity in recent years with special emphasis on the post-1989 period. Unlike previous studies in this area, M2 velocity is analysed in the context of a small vector autoregressive (VAR) model which includes income, prices, interest rates, and money...