Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries

Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries

Regional integration has become important subject among economists and is viewed capable of boosting monetary cooperation and foreign exchange arrangements among ASEAN-3 members thus promotes greater macro coordination, with the ultimate goal of reducing the extent of macroeconomics, such as real ex...

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Main Author: Tiang, Din Pian
Format: Thesis
Language:eng
eng
Published: 2013
Subjects:
DS Asia
HG Finance
Online Access:https://etd.uum.edu.my/5092/1/s808544.pdf
https://etd.uum.edu.my/5092/2/s808544_abstract.pdf
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id my-uum-etd.5092
record_format uketd_dc
institution Universiti Utara Malaysia
collection UUM ETD
language eng
eng
advisor Abdullah, Hussin
topic DS Asia
HG Finance
spellingShingle DS Asia
HG Finance
Tiang, Din Pian
Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries
description Regional integration has become important subject among economists and is viewed capable of boosting monetary cooperation and foreign exchange arrangements among ASEAN-3 members thus promotes greater macro coordination, with the ultimate goal of reducing the extent of macroeconomics, such as real exchange rate. The purpose of the formation is to reduce exchange rate uncertainty and to avoid exchange rate misalignment among the ASEAN member countries. This research intends to investigate the extent of optimum currency area (OCA) variables and financial factors (FF) works within the context of ASEAN-3 countries with US Dollar used as anchor currencies, given their importance being major trading partners with the ASEAN countries and being the global demand currencies. In general, we found that several financial factors were found to have significant contribution on determining exchange rate variation. In addition, OCA variables have played an important role in explaining the bilateral real exchange rate
format Thesis
qualification_name masters
qualification_level Master's degree
author Tiang, Din Pian
author_facet Tiang, Din Pian
author_sort Tiang, Din Pian
title Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries
title_short Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries
title_full Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries
title_fullStr Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries
title_full_unstemmed Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries
title_sort effect of financial factors and optimum currency area on real exchange rate in asean-3 countries
granting_institution Universiti Utara Malaysia
granting_department Othman Yeop Abdullah Graduate School of Business
publishDate 2013
url https://etd.uum.edu.my/5092/1/s808544.pdf
https://etd.uum.edu.my/5092/2/s808544_abstract.pdf
_version_ 1747827859776339968
spelling my-uum-etd.50922022-04-10T02:53:54Z Effect of financial factors and optimum currency area on real exchange rate in ASEAN-3 countries 2013 Tiang, Din Pian Abdullah, Hussin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business DS Asia HG Finance Regional integration has become important subject among economists and is viewed capable of boosting monetary cooperation and foreign exchange arrangements among ASEAN-3 members thus promotes greater macro coordination, with the ultimate goal of reducing the extent of macroeconomics, such as real exchange rate. The purpose of the formation is to reduce exchange rate uncertainty and to avoid exchange rate misalignment among the ASEAN member countries. This research intends to investigate the extent of optimum currency area (OCA) variables and financial factors (FF) works within the context of ASEAN-3 countries with US Dollar used as anchor currencies, given their importance being major trading partners with the ASEAN countries and being the global demand currencies. In general, we found that several financial factors were found to have significant contribution on determining exchange rate variation. In addition, OCA variables have played an important role in explaining the bilateral real exchange rate 2013 Thesis https://etd.uum.edu.my/5092/ https://etd.uum.edu.my/5092/1/s808544.pdf text eng public https://etd.uum.edu.my/5092/2/s808544_abstract.pdf text eng public masters masters Universiti Utara Malaysia Abbas, S. M. A. (2004). Evaluating the Success of Malaysia’s Exchange Controls (1998-1999). QEH Working Paper Series–QEHWPS113, January 2004. Ahmad, M.H. and Ahmed, Q.M. (2003). 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