The threat of the unforseen: The impact of terrorist attacks on the US dollar-PH peso exchange rate and its contagion effect on the ASEAN currencies
Date of Publication
Bachelor of Science in Management of Financial Institutions
Ramon V. Del Rosario College of Business
Financial Management Department
Mar Adriel Umali
Defense Panel Chair
Defense Panel Member
Dioscoro Baylon, Jr.
This paper analyzed the impact of terrorist attacks in the Philippines and in the United Sates towards US dollar-PH peso exchange rate as well as its contagion effect towards ASEAN currencies. Previous studies stated that such events indeed had an impact with the exchange rate and significant crises created a contagion effect towards international markets. The study implemented GARCH (1, 1) model to determine the impact the terrorist attacks to the USD/PHP exchange rate as well as determining the contagion effect towards the ASEAN currencies. The results showed that terrorist attacks from both countries do not have a significant effect towards the USD/PH exchange rate. However, it showed that there is indeed a contagion effect towards a few ASEAN currencies.
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
85, 4 leaves ; 28 cm.
Foreign exchange rates--Philippines; Money--Philippines
Canoza, B. G., Dignadice, J. A., Gonzales, M. A., & Laxina, S. D. (2017). The threat of the unforseen: The impact of terrorist attacks on the US dollar-PH peso exchange rate and its contagion effect on the ASEAN currencies. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/7759