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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.Item Metadata only Bibliometric review of research on exchange rate predictability and fundamentals(2023-12-01) Gulati V.; Mahidol UniversityThis paper presents a bibliometric review of exchange rate predictability and fundamentals, using a database of 2,668 Scopus-indexed documents. This paper aims to identify gaps in the explanatory power of exchange rate models and synthesizeItem Metadata only The Euro to Dollars rate exchange forecasting using nonlinear autoregression with exogenous(Mahidol University. Mahidol University Library and Knowledge Center, 2015) Narin Khumsorn; Supaporn Kiattisin; Adisorn Leelasantitham; Waranyu Wongseree, hourly, daily and weekly. The results of this study show that the prediction data of EUR/USD exchange rate by using NARX is satisfactory, accurate and precise....There are seven major currencies in the foreign exchange market (FOREX): United States Dollars (USD, Pounds (GBP), Australian Dollars (AUD), Canadian Dollars (CAD), Euros (EUR), Swiss Francs (CHF) and Yen (JPY) and currencies are sold as pairsPublication 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 forecastsItem Metadata only A Review of Research on the Unstable Relation Between Exchange Rates and Their Fundamentals(2025-01-01) Cumperayot P.; Gulati V.; Kouwenberg R.; Cumperayot P.; Mahidol UniversityEconomic fundamental models often perform poorly in exchange rate forecasting. Theory and empirical evidence suggest that one likely reason is that the relation between the exchange rate and fundamentals is highly unstable, with frequent changesPublication 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.