International Fund Flows and Real Exchange Rate in Thailand
Post by MSF Chula at Sunday, 10 January 2021 05:10 PM

This research study the relation of international fund flow and real exchange rate in Thailand from the period Mar 2009 – Feb 2019. The objective is determining whether types of fund flows has different effect to real exchange rate movement. This paper fills this gap by exploring the impact of TFEX fund flows economic performance on the real exchange rate. The empirical result strongly shows the significant relation of stock flow, bond flows with the real exchange rate in contemporaneous period. For FDI flows is show the ambiguous result and TFEX flows has no evidence to relate with real exchange rate in Thailand. Moreover, the result show that bond flows and stock flows have high explanatory power in the economic deteriorated period more than improved period.

Last updated at Sunday, 10 January 2021 05:10 PM