The relationship between gold price and exchange rate of Asean currencies (Ringgit Malaysia , Singapore Dollar, Thai Baht) against U.S. Dollar

The empirical study is to examine relationship between gold price and exchange rate of ASEAN currencies such as Malaysian Ringgit (MYR/USD), Singapore Dollar (SGD/USD), and Thai Baht (THB/USD) against U.S. dollar. After the end of the Bretton Woods System and Gold Standard, the floating exchange rate has been adopted by most of the countries. Many have argued that the adoption of the floating exchange rate has been a major cause for the instability of world gold price. Currently, the gold price is dominated in U.S. dollar in which the change in dollar will influence the gold price in other currencies. The Augmented Dickey-Fuller (ADF) Unit Root Test, Johansen Cointegration Test, Granger Causality Test with Vector Error Correction Model (VECM) and Ordinary Least Square (OLS) Method are applied to examine the relationship between gold price and exchange rate of MYR/USD, SGD/USD and THB/USD on a monthly basis from January 1981 to December 2010. The result shows that long-term relationship exists between gold price and exchange rate of MYR/USD, SGD/USD and THB/USD. Nevertheless, there is no short-term relationship among them. Moreover, the result also indicates that gold price has positive relationship with MYR/USD but has inverse relationship with SGD/USD and THB/USD

Meta-Analysis of Gold Price and Major ASEAN Currency (Malaysian Ringgit, Singapore Dollar, Thai Baht) Against US Dollar

With the exit of Bretton Woods System and the Gold Standard, the floating exchange rate, was adopted by most country in the ASEAN region. Floating exchange rate has been a major debacle issue for the volatility of world gold price in relation to national currency value including that of the ASEAN region. The motivation behind this empirical study is to examine the relationship between gold price and exchange rate of ASEAN major currencies such as Malaysian Ringgit (MYR/USD), Singapore Dollar (SGD/USD), and Thai Bath (THB/USB) against the US dollar. Gold price is primarily dominated in US dollar, and any variation in US dollar may influence the value of other currencies. The monthly meta-analysis involves the study of a span of 30-year data, effective from 1981 to 2010. While the findings report no short term relationship, a Johansen Co-integration test finds evidence of a long term relationship between gold price vis-a-vis the exchange rate of major ASEAN currencies, such as MYR/USD, SGD/USD and THB/USD. Further evidence from Ordinary Least Square analysis shows that gold price has a positive relationship with MYR/USD but reports perverse relationship against SGD/USD and THB/USD

CAMEL Analysis on performance of Asean Public Listed Banks

The study is conducted to measure the performance of public listed banks in five ASEAN countries. This study covers 63 public listed banks from Malaysia, Singapore, Thailand, and the Philippines over the period of 1997 to 2011. The CAMEL analysis which is based on Capital Adequacy, Asset Quality, Management Efficiency, Earning Quality, and Liquidity is employed in this study. The objectives of the study are to measure the performance of public listed banks as well as to compare the performance across countries. The results of the CAMEL analysis show that Singaporean public listed banks are the top performer as compared to their counterparts. Next, the comprehensive results reveal that Public Bank in Malaysia, United Overseas Bank in Singapore, Bank ArthaGraha in Indonesia, Bank of Ayudhya in Thailand and Union Bank of the Philippines are the top performed banks

Performance of Public Listed banks in ASEAN

rhe study is conducted to measure the performance of public listed banks in the five ASEAN countries namely, Malaysia, Singapore, Indonesia, Thailand and the Philippines. This study covers e a total of 63 public listed banks which include 10 banks from Malaysia, 3 banks from Singapore, 28 banks from Indonesia, 10 banks from Thailand, and 12 banks from the Philippines. By employing CAMEL analysis, this study measures the banking performance over the period of 1997 to 2011. The CAMEL analysis methodology is based on five indicators which are Capital Adequacy, Asset Quality, Management Efficiency, Earning Quality and Liquidit~. The objectives of the study are to measure the performance of public listed banks as well as to investigate the impact of financial crisis on their performance. The results of the CAMEL analysis show that Singaporean public listed banks are the top performer as compares to their counterparts. Based on the five indicators of CAMEL, Thailand' s public listed banks have the best performance in capital adequacy, Malaysia's public listed banks has the best performance in asset quality, Singapore's public listed banks has the best performance in management efficiency, while the Philippines' public listed banks has the best performance in both earning quality and liquidity. Next, the comprehensive results reveal that Public Bank in Malaysia, United Overseas Bank in Singapore, Bank Artha Graha in Indonesia, Bank of Ayudhya in Thailand and Union Bank of the Philippines in the Philippines are the banks with best performance by country. Moreover, the results of this study discover that the impact of global financial crisis in 2008 on ASEAN banking lS relatively less severe as compares to the Asian financial crisis in 1997