Currency substitution in Thailand

被引：24

作者：

Bahmani-Oskooee, M ^{[1
]}

Techaratanachai, A ^{[1
]}

机构：

[1] Univ Wisconsin, Dept Econ, Milwaukee, WI 53201 USA

来源：

JOURNAL OF POLICY MODELING | 2001年 / 23卷 / 02期

关键词：

Thailand; currency substitution; Asian economic crisis;

D O I：

10.1016/S0161-8938(00)00030-2

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this article we investigate whether currency depreciation in Thailand has resulted in currency substitution away from the Thai baht. By using quarterly data over the 1977-90 period and an M2 money demand function that includes the exchange rate in addition to income and interest rate, we show that indeed depreciation of the baht has resulted in a decline in baht holding in Thailand. (C) 2001 Society for Policy Modeling. Published by Elsevier Science Inc.

引用

页码：141 / 145

页数：5

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