Browsing GSDE: Dissertations by Author "Komain Jiranyakul, advisor"
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Exchange rate intervention for a small open economy under managed floating and inflation targeting
; (National Institute of Development Administration, 2011)
In this dissertation, the standard impulse control model of exchange rate intervention is modified to accommodate the managed floating regime and inflation targeting monetary policy. On the one hand, under managed floating regime, the central bank’s objective of exchange rate intervention is to stabilize international trade sector. On the other hand, the objective of inflation targeting is to stabilize domestic commodity prices and the real output. When these two policies are combined in the same model, the objective of exchange rate intervention ... -
Sources of exchange rate fluctuations and volatility transmission in five Southeast Asian countries
; (National Institute of Development Administration, 2010)
This research aims to investigate exchange rate behaviors in various aspects, especially 1) sources of exchange rate fluctuations: the pass-through effects of key macroeconomic variables on the exchange rate and 2) volatility transmission of exchange rate among five Southeast Asian countries namely Indonesia, Malaysia, the Philippines, Singapore and Thailand. For research methodologies, this study employs a number of tools since it consists of two main features of exchange rate behaviors like sources of exchange rate fluctuations and volatility ... -
The two-period dividend policy model and its application to Shanghai and New York Stock Exchanges
; (National Institute of Development Administration, 2010)
The study generates optimal dividend model with incorporated framework, in which, agency, principal, and firm all participate in the achievement of general equilibrium. For protecting maximum utility and allowing wealth transferring between current and future life period, investors or say principals make financial and consumption decisions with the constraints of capital they possess. The decision of this capital investment not only determines the cash availability for firm but also implicitly change the behavior of agency say executive in the ...