Dynamic Effects of Exchange Rates and Foreign Price Inflation: Evidence from Thai
Journal Title: Scholars Bulletin - Year 2018, Vol 4, Issue 5
Abstract
Abstract: In an attempt to maintain a stable exchange rate and price level in Thailand given shocks from the United States, China, Euro Area, and Japan; the top five trading partners of Thailand, this study employs the system equations of VAR model techniques. Results show that the interest rates, demand shocks, and foreign prices affect the stability of the Thailand exchange rates and price levels. More so, empirical evidences validate the existence of unidirectional causality between Thailand exchange rate and domestic (as well as foreign) price inflation. Keywords: Prices; Inflation; Exchange Rates; Interest Rate; Dynamic Effects.
Authors and Affiliations
David Iheke Okorie, Andrew Akweny, Abraham Simon Otim Emuron
Keywords
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