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
收藏
页码：141 / 145
页数：5
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