Recent Portfolio Investment and Central Bank Policy in Thailand
Type of DegreeThesis
DepartmentAgricultural Economics and Rural Sociology
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The present study investigates the dynamic adjustment of portfolio investment to monetary and fiscal variables in Thailand over recent years. The analysis reveals that the exchange rate, inflation, and the government budget have temporary impacts on portfolio investment, while the effect of inflation appears to be persistent. In the near term, the variation of portfolio investment depends on inflation shocks and its own shock. The variation of portfolio investment from inflation appears to be dominant over the medium term.