| Summary: | 碩士 === 中原大學 === 企業管理研究所 === 104 === Vietnam and Thailand are export-oriented economies and are also ASEAN''s member countries. The exchange rate regime is very important for Vietnam and Thailand since it has a large effect on their entire economies, especially for the export sections. Interest rates in money market also provide a vital factor for both countries. This paper employs the basic model and monetary system of Taylor (2001) to research the topic. On the one hand, we utilize Taylor''s model to discuss about the relationship between GDP, CPI, unemployment rate, inflation rate, interest rate in the US ,real exchange rate and interest rate. On the other hand, we exploit monetary system to discuss the differences between exchange rate policy of central bank in Vietnam and Thailand. The result shows that Vietnam and Thailand interest rate, exchange rate are significant effected. But the U.S interest rate,unemployment， GDP are not significant effected. The major difference is CPI, Vietnam CPI is significant effected but Thailand is not significant .
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