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Dynamic effect of a change in the exchange rate system : from a fixed regime to a basket-peg or a floating regime

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2015

Thailand and find that a small open country would be better off shifting to a basket peg or to a floating regime than …

Persistent link: https://www.econbiz.de/10010488975

Thailand: 2013 Article IV Consultation

International Monetary Fund (IMF); International … - 2013

This 2013 Article IV Consultation highlights that in 2012, Thailandâ€™s economy rebounded strongly from the devastating floods, with real GDP growing by 6.5 percent. Private consumption rose 6.7 percent, reflecting pent-up demand and government measures, including the rice pledging scheme,...

Persistent link: https://www.econbiz.de/10011243217

Do monetary policy announcements affect stock prices in emerging market countries? The case of Thailand

Vithessonthi, Chaiporn; Techarongrojwong, Yaowaluk - In: Journal of Multinational Financial Management 23 (2013) 5, pp. 446-469

We examine the effect of monetary policy announcements in Thailand, which is one of emerging market countries in Asia …

Persistent link: https://www.econbiz.de/10010719021

Inflation dynamics and its implications for monetary policy

Buddhari, Anotai; Chensavasdijai, Varapat - Bank of Thailand - 2003

Since May 2000, the Bank of Thailand adopted inflation targeting as its monetary framework, making price stability the … decision-making. Of particular concern are the key determinants of inflation in Thailand and their relative importance over …

Persistent link: https://www.econbiz.de/10011127912

Shock Therapy! What Role for Thai Monetary Policy?

Alp, Harun; Elekdag, Selim - International Monetary Fund (IMF) - 2012

Thailand had to endure three major shocks during 2008â€“2011: the global financial crisis, the Japanese earthquake, and … the Thai floods of 2011. Over this period, consistent with its inflation targeting framework, the Bank of Thailand (BOT … added up to a total of 4 percentage points to real GDP growth during periods when Thailand had to weather these three major …

Persistent link: https://www.econbiz.de/10011142014

The impact of monetary policy decisions on stock returns: Evidence from Thailand

Vithessonthi, Chaiporn; Techarongrojwong, Yaowaluk - In: Journal of International Financial Markets, … 22 (2012) 3, pp. 487-507

international setting remains relatively scant. Therefore, this topic is reexamined in the context of Thailand. In a sample of 50 … repurchase rate announcements of the Bank of Thailand during 2003–2009, our regression results suggest that the raw change in the …

Persistent link: https://www.econbiz.de/10010576388

Exchange Rate Stabilization and IMF High Interest Rate Policy: A Critical Reconsideration Using a Dynamic Model

Kunimune, Kozo - In: The Developing Economies 37 (1999) 3, pp. 337-354

This paper examines whether the IMF high interest rate policy was suitable for crisis-ridden East Asian economies. Using an "overshoot" model similar to that of Dornbusch's (1976), it shows that this sort of policy might cause an unnecessary deflationary adjusting process and have no effect on...

Persistent link: https://www.econbiz.de/10005534159