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Publication Metadata only Reaction function under fixed exchange rate system.(NIDA, 2007) Yingyot Chiaravutthi.; Mahidol University. Internationa College. Business Administration Division.The paper presents the viewpoint that the monetary policy reaction function can be constructed when a country adopts the exchange-rate targeting. Though this is different from a common understanding of monetary policy’s ineffectiveness, there are a.... As for the case of Thailand, the function shows that although the Bank of Thailand announced the exchange-rate targeting prior to 1997, the output goal was also pursued as well.Publication Metadata only The foreign exchange rate exposure and the value of thai firms(2012-01-01) Patchara Niyomsub; Pandej Chintrakarn; Mahidol UniversityIn contrast to previous studies of advanced economies, the relationship between Thai firms value and contemporaneous exchange rate was strong. We found that model improved when the interval of analysis horizon sample was longer. Inclusion of lagged... effective exchange rate improved the model fitness. Characteristics of each individual firm did have the implication on the level of exchange rate exposure. © 2012 EuroJournals Publishing, Inc.Publication Metadata only The discount factor for expected fundamentals: Evidence from a panel of 25 exchange rates(2020-01-01) Phornchanok Cumperayot; Roy Kouwenberg; Chulalongkorn University; Erasmus School of Economics; Mahidol University© 2020 CEPII (Centre d'Etudes Prospectives et d'Informations Internationales), a center for research and expertise on the world economy In asset pricing models the exchange rate is the discounted present value of expected economic fundamentals.... Engel and West (2005) demonstrate that the well-known weak link between exchange rates and fundamentals, such as money supply, output, inflation and interest rates, is an implication of the model if the discount factor is close to one. Empirical evidencePublication Metadata only The Cointegration test for macroeconomic variables and the stock market index: evidence from the stock exchange of Thailand(2009) Jun Jiang; Mahidol University. Mahidol University. International College. Business Administration Division.rate. The finding shows that all macroeconomic variables, except the exchange rate, have a non-significant association with the movement of the Thai stock market index in short term. With higher fluctuations of the exchange rate, the movement...The study tests the association between selected macroeconomic variables and the stock market index for given periods from the Stock Exchange of Thailand. In the empirical analysis, the monthly data from January 2002 to December 2007 are usedPublication Metadata only Cheaper currencies and long-term growth: The effect of exchange rate management and capital controls(2020-01-01) Phornchanok Cumperayot; Roy Kouwenberg; Chulalongkorn University; Erasmus School of Economics; Mahidol Universityeffects of currency undervaluation induced by active exchange rate management and capital control policies. Using a dataset of 182 countries in the post-Bretton-Woods period, we find that changes in undervaluation driven by exchange rate managementPublication Metadata only Model Uncertainty and Exchange Rate Forecasting(2017-02-01) Roy Kouwenberg; Agnieszka Markiewicz; Ralph Verhoeks; Remco C.J. Zwinkels; Mahidol University; Erasmus School of Economics; De Nederlandsche Bank; Vrije Universiteit Amsterdam© 2017 Michael G. Foster School of Business, University of Washington. Exchange rate models with uncertain and incomplete information predict that investors focus on a small set of fundamentals that changes frequently over time. We design a model... selection rule that captures the current set of fundamentals that best predicts the exchange rate. Out-of-sample tests show that the forecasts made by this rule significantly beat a random walk for 5 out of 10 currencies. Furthermore, the currency forecastsPublication Metadata only Turnover intent of new workers: social exchange perspectives(2020-01-01) Felicito Angeles Jabutay; Parisa Rungruang; Kasem Bundit University; Mahidol Universitywith high attrition rates. In addition, the paper examines the mediating effects of affective commitment. Design/methodology/approach: The present study drew insights from the literature to formulate hypotheses that link the two social exchange variables... that social exchange variables can also impact the affective commitment and turnover intent of new workers in an industry known to have heavy supervisorial monitoring, high demands in terms of work quotas and high turnover rates.Publication Metadata only Prevalence and risk factors of reinfection after two-stage exchange procedure for treating periprosthetic knee infection(2019-01-01) S. Sukontahong; P. Ruangsomboon; R. Narkbunnam; K. Chareancholvanich; C. Pornrattanamaneewong; Faculty of Medicine, Siriraj Hospital, Mahidol University; Nakhon Pathom Hospitaldemonstrates that two-stage exchange procedure has a high success rate with 2-year reinfection rate of 12.9%....© JOURNAL OF THE MEDICAL ASSOCIATION OF THAILAND| 2019 Background: Two-stage exchange procedure has been considered as the gold standard treatment of chronic periprosthetic joint infection (PJI) after total knee arthroplasty. However, reinfectionPublication Metadata only Neonatal polycythemia : Effects of partial exchange transfusion using fresh frozen plasma, haemaccel and normal saline(1999-12-01) Sarayut Supapannachart; Praputt Siripoonya; Wanna Boonwattanasoontorn; Suparat Kanjanavanit; Mahidol UniversityBackground: Neonatal polycythemia remains a significant clinical problem in Thailand. Partial exchanges transfusion (PET) with fresh frozen plasma (FFP) has been the mainstay of management for this condition in Thailand. Since FFP is difficult.... To compare the rate and duration of decrease of venous hematocrit (Hct) before and after PET with FFP, Haemaccel and NSS. 2. To compare any complications from using FFP, Haemaccel and NSS such as coagulation defect, electrolytes change, etc. in PET. MethodsPublication Metadata only Exchange transfusion as an adjunct to the treatment of severe falciparum malaria(1998-03-31) S. Hoontrakoon; Y. Suputtamongkol; Chumphorn Hospital; Mahidol Universitywith more than 10% parasitaemia was higher (76%, P = 0.03) than in the group who received quinine alone (10 ± 4%; 38%, P = 0.1). The mortality rate of patients who received exchange transfusion was 48%; that of the remainder, 69%. (P = 0.3). ARDS (P = 0...OBJECTIVE To compare the efficacy of exchange transfusion as the adjunct to quinine treatment (21 patients) with quinine therapy alone (29 patients). METHOD A retrospective study of 50 patients with severe falciparum malaria was conducted