Evidence of fisher effect in South East Asian and Pacific Region
This study intends to examine the validity of Fisher Effect on selected developing countries in South East Asia and Pacific Region. A total of 10 developing countries are selected which are Malaysia, Philippines, Papua New Guinea, Solomon Island, Thailand, Vanuatu, Tonga, Fiji, Vietnam and Indonesia...
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2013
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my-upm-ir.850332021-12-31T01:48:45Z Evidence of fisher effect in South East Asian and Pacific Region 2013 Bopulas, Brenda This study intends to examine the validity of Fisher Effect on selected developing countries in South East Asia and Pacific Region. A total of 10 developing countries are selected which are Malaysia, Philippines, Papua New Guinea, Solomon Island, Thailand, Vanuatu, Tonga, Fiji, Vietnam and Indonesia. Quarterly data is used that start as early as 1990: 1 because this is the start of financial liberalization in most developing countries. Dependent variables used include nominal interest rate proxy by Treasury Bill Rate (TBR), Deposit Rate (DR) and Money Market Rate (MMR) depending on the availability data of respective countries. While Independent Variables used is Consumer Price Index (CPI) as a proxy for inflation rate. The empirical test that is used in this study is unit root test. The models that are employed are Autoregressive model to find the expected inflation and also Autoregressive Distributed lag model to determine the cointegration between both variables. The results show that only Thailand exhibits Fisher Effect while the other nine countries could not detect the existence of Fisher Effect. Fisher effect (Economics) - Developing countries Inflation (Finance) - Developing countries Interest rates - Developing countries 2013 Thesis http://psasir.upm.edu.my/id/eprint/85033/ http://psasir.upm.edu.my/id/eprint/85033/1/FEP%202013%2014%20ir.pdf text en public masters Universiti Putra Malaysia Fisher effect (Economics) - Developing countries Inflation (Finance) - Developing countries Interest rates - Developing countries Habibullah, Muzafar Shah |
institution |
Universiti Putra Malaysia |
collection |
PSAS Institutional Repository |
language |
English |
advisor |
Habibullah, Muzafar Shah |
topic |
Fisher effect (Economics) - Developing countries Inflation (Finance) - Developing countries Interest rates - Developing countries |
spellingShingle |
Fisher effect (Economics) - Developing countries Inflation (Finance) - Developing countries Interest rates - Developing countries Bopulas, Brenda Evidence of fisher effect in South East Asian and Pacific Region |
description |
This study intends to examine the validity of Fisher Effect on selected developing countries in South East Asia and Pacific Region. A total of 10 developing countries are selected which are Malaysia, Philippines, Papua New Guinea, Solomon Island, Thailand, Vanuatu, Tonga, Fiji, Vietnam and Indonesia. Quarterly data is used that start as early as 1990: 1 because this is the start of financial liberalization in most developing countries. Dependent variables used include nominal interest rate proxy by Treasury Bill Rate (TBR), Deposit Rate (DR) and Money Market Rate (MMR) depending on the availability data of respective countries. While Independent Variables used is Consumer Price Index (CPI) as a proxy for inflation rate. The empirical test that is used in this study is unit root test. The models that are employed are Autoregressive model to find the expected inflation and also Autoregressive Distributed lag model to determine the cointegration between both variables. The results show that only Thailand exhibits Fisher Effect while the other nine countries could not detect the existence of Fisher Effect. |
format |
Thesis |
qualification_level |
Master's degree |
author |
Bopulas, Brenda |
author_facet |
Bopulas, Brenda |
author_sort |
Bopulas, Brenda |
title |
Evidence of fisher effect in South East Asian and Pacific Region |
title_short |
Evidence of fisher effect in South East Asian and Pacific Region |
title_full |
Evidence of fisher effect in South East Asian and Pacific Region |
title_fullStr |
Evidence of fisher effect in South East Asian and Pacific Region |
title_full_unstemmed |
Evidence of fisher effect in South East Asian and Pacific Region |
title_sort |
evidence of fisher effect in south east asian and pacific region |
granting_institution |
Universiti Putra Malaysia |
publishDate |
2013 |
url |
http://psasir.upm.edu.my/id/eprint/85033/1/FEP%202013%2014%20ir.pdf |
_version_ |
1747813516222398464 |