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DETERMINANTS OF INTERNATIONAL RESERVES IN THAILAND |
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| รหัสดีโอไอ | |
| Creator | Wanrapee Banchuenvijit |
| Title | DETERMINANTS OF INTERNATIONAL RESERVES IN THAILAND |
| Publisher | University of the Thai Chamber of Commerce |
| Publication Year | 2556 |
| Journal Title | UTCC International Journal of Business and Economics |
| Journal Vol. | 5 |
| Journal No. | 2 |
| Page no. | 109-121 |
| Keyword | DETERMINANTS, INTERNATIONAL RESERVES, THAILAND |
| URL Website | http://ijbejournal.com/ |
| Website title | ijbejournal |
| ISSN | 1906-5582 (paper) |
| Abstract | The study of determinants of international reserves in Thailand employs the multiple regression with ordinary least square to test the monthly data of international reserves (IR), gross domestic product (GDP), propensity to import (PIM), trade balance (TB), external debt (DEBT) and exchange rate (EXR) during 2000-2011. The study finds that DEBT and EXR are statistically significant determinants of IR at 95% confident level and 99% confident level consecutively. External debt positively relates to internal reserves because of precautionary motive, especially, after the 1997 Asian financial crisis. Moreover, exchange rate (US$/Thai Baht) positively determines internal reserves because an appreciation of Thai Baht leads to an increase in import so that there will be an increase in international reserves. Government, business and academic can apply these results accordingly. |
