Effectiveness of the Monetary Transmission Mechanism in Achieving the Ultimate Goals of ASEAN-3

DOI

10.2991/aebmr.k.200606.077How to use a DOI?

Keywords

effectiveness, monetary channels, VECM

Abstract

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.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 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  - 10.2991/aebmr.k.200606.077
ID  - Viphindrartin2020
ER  -