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January 29, 2010 | History

Effectiveness of monetary policy communication in Indonesia and Thailand 1 edition

Effectiveness of monetary policy communication in Indonesia and Thaila ...
Sahminan Sahminan

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Effectiveness of monetary policy communication in Indonesia and Thailand
by Sahminan Sahminan.

Published 2008 by Bank for International Settlements in Basel, Switzerland .
Written in English.

About the Book

In this paper we investigate the effectiveness of Bank Indonesia's and Bank of Thailand's monetary policy communication. We focus on two channels of communication: monetary policy statements, and inter-meeting statements. Although the structure of Bank Indonesia's and Bank of Thailand's monetary policy statements have some differences, most of the statements contain policy inclination. In addition, during inter-meeting periods, members of their board of governors often convey statements that contain policy inclination. Our empirical results show that to some extent Bank Indonesia's and Bank of Thailand's monetary policy statements and inter-meeting statements move short-term interest rates effectively. We find that there is asymmetry in the effects of the statements, that is, the statements with loose policy inclination tend to be more effective relative to the statements with tight policy inclination.

Edition Notes

Title from PDF file (viewed on Oct. 10, 2008).

"September 2008."

"Monetary and Economic Department."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Series
BIS working papers -- no. 262

Classifications

Library of Congress
HG3879

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL22649201M
LC Control Number
2008613046

History Created December 11, 2009 · 2 revisions Download catalog record: RDF / JSON

January 29, 2010 Edited by WorkBot add more information to works
December 11, 2009 Created by WorkBot add works page