Asset Prices, Real Exchange Rate and Current Account Fluctuations: Some Structural VAR Evidence for Thailand

Komain Jiranyakul

MPRA Paper from University Library of Munich, Germany

Abstract: This paper employs quarterly data during 2008Q1 and 2016Q2 to examine the impacts of shocks to asset prices and real exchange rate on the current balance in Thailand. The structural VAR model is used. The results show that the shocks to real effective exchange rate and housing prices can better explain fluctuations in the current account.

Keywords: Housing prices; stock prices; real exchange rate; current account; structural VAR (search for similar items in EconPapers)
JEL-codes: F31 F32 F40 G10 (search for similar items in EconPapers)
Date: 2016-11
New Economics Papers: this item is included in nep-sea
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Related works:
Journal Article: Asset Prices, Real Exchange Rate and Current Account Fluctuations: Some Structural VAR Evidence for Thailand (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:74901

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