Exchange market pressure (EMP), which provides a measure of the volume of intervention necessary to achieve any desired exchange rate target, is the latest model used in measurement of exchange rate condition. In order to obtain a more complete picture of Malaysia’s condition and to examine...

This paper examines the impact of oil price, as a cause of economic crisis, and monetary policy through the four known channels of monetary transmission mechanism (interest rate, exchange rate, domestic credit, and stock price). Using a structural vector autoregression model based on monthly...

This article investigates the channels of monetary transmission mechanism alongside oil price and the US industrial production, as two causes of recent crisis, during the pre-and post-crisis of 2007-2009 in Thailand. The channels of monetary transmission mechanism barely have an effect on...

This paper investigates the role of the monetary policy in protecting the economy against the external shocks of US output and oil price during the 2007-2009 fnancial crisis. It also considers economic vulnerability caused by these external shocks after the crisis abated. The application of the...

The purpose of this study is to examine the potential linkages among ASEAN-5 currencies, in particular the possibility of Singapore dollar bloc during the pre- and post crisis periods by using Johansen multivariate cointegration test and Granger causality test. Significant non-stationarity, and...

The purpose of this paper is to examine the asymmetric behavior in the adjustment of exchange rate pass-through to consumer price index in Thailand. This research applies advanced threshold cointegration model proposed by Enders and Siklos (2001). Both the Threshold Autoregressive (TAR) and...

This study explored the sustainability of the stock market against the COVID-19 pandemic. The impacts of confirmed COVID-19 cases, COVID-19 deaths, and Movement Control Order (MCO) length on the stock market were examined. The Generalized Method of Moments (GMM) estimator was employed to analyze...

The present paper adopted the dynamic panel data method to investigate the effect of the inflow of remittances on financial inclusion, particularly focusing on high remittance-receiving developing countries between 2011 and 2018. The current research found that remittances that foster financial...

The current study aims to discover the impact of cross-border e-commerce (CBEC) exports on regional economic growth in China. A benchmark regression via the fixed panel effect model was conducted based on Chinese provincial data from 2015 to 2020. The results demonstrated that CBEC exports...

This paper uses alternative versions of the monetary approach to exchange rate determination to explain the Malaysian-ringgit-USD exchange rate during the recent past. The result shows that in general the estimated coefficients of money and income differentials are consistent with all variants...