The Spillover Effects of Unremunerated Reserve Requirements : Evidence from Thailand

We examine the spillover effects of the unremunerated reserve requirement (URR), which had been implemented in Thailand during 2006–2007, on stock returns through the Thai baht (THB) exchange rate against the euro (EUR) and the Japanese yen (JPY). Based on a sample of 270 firms listed on the Stock Exchange of Thailand (SET), we find that the imposition of the URR appears to affect the first- and second-moment exchange rate exposure to the EUR and the JPY of some firms, but the evidence does not strongly support the notion that there are spillover effects of the URR on exchange rate exposure

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Year of publication:	2014
Authors:	Vithessonthi, Chaiporn
Other Persons:	Tongurai, Jittima (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Spillover-Effekt \| Spillover effect \| Thailand \| Mindestreserve \| Reserve requirements \| Geldpolitische Transmission \| Monetary transmission \| Schätzung \| Estimation
Description of contents:	Abstract [papers.ssrn.com] ; Abstract [doi.org]

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Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Banking and Finance, Vol. 45, 2014, Pages 338-351 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 19, 2014 erstellt Volltext nicht verfügbar
Other identifiers:	10.2139/ssrn.2240588 [DOI]
Classification:	E58 - Central Banks and Their Policies ; F31 - Foreign Exchange ; G1 - General Financial Markets ; G15 - International Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013064271