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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Main Author:	Bopulas, Brenda
Format:	Thesis
Language:	English
Published:	2013
Subjects:	Fisher effect (Economics) - Developing countries Inflation (Finance) - Developing countries Interest rates - Developing countries
Online Access:	http://psasir.upm.edu.my/id/eprint/85033/1/FEP%202013%2014%20ir.pdf
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id	my-upm-ir.85033
record_format	uketd_dc
spelling	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

Evidence of fisher effect in South East Asian and Pacific Region

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