Effectiveness of the Monetary Transmission Mechanism in Achieving the Ultimate Goals of ASEAN-3
Sebastiana Viphindrartin, Mohmmad Saleh, Silvi Asna Prestianawati
Available Online 9 June 2020.
- https://doi.org/10.2991/aebmr.k.200606.077How to use a DOI?
- effectiveness, monetary channels, VECM
- This study was intended to find out which channels (exchange rates, interest rates, credit and money) have the most significant effect on price stability and economic growth during 1997 Q1-2017 Q4 using the Vector Error Correction Model (VECM). Based on the estimation, Interest Rate and Exchange Rate were the most influencing channels, while in Malaysia were the Exchange Rate and Credit. In the Philippines, Credit and Interest Rate were relatively effective. In addition, in the countries, the monetary policies they applied had a significant correlation with two economic variables: inflation and economic growth.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Sebastiana Viphindrartin AU - Mohmmad Saleh AU - Silvi Asna Prestianawati PY - 2020 DA - 2020/06/09 TI - Effectiveness of the Monetary Transmission Mechanism in Achieving the Ultimate Goals of ASEAN-3 BT - 23rd Asian Forum of Business Education(AFBE 2019) PB - Atlantis Press SP - 452 EP - 458 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200606.077 DO - https://doi.org/10.2991/aebmr.k.200606.077 ID - Viphindrartin2020 ER -