Bangkok, June 2, 2015 ? The SEC jointly with the School of Development Economics of NIDA hosted the 4th SEC Working Papers Forum, 2015 on ?Global financial market risks and financial plan for retirement?. Presented at the Forum were the study on major exchange volatilities which are interrelated during the crisis and the study allocation of investment suggesting that starting plan for retirement early increase chances of achieving happy retirement.

The SEC Working Papers Forum has been hosted under the Memorandum of Understanding between the SEC and four leading business schools, aiming to apply academic researches into the capital market development. At the 4th Forum of 2015, the School of Development Economics of NIDA presented the research papers on ?Global financial market risks and financial plan for retirement?.

Asst. Prof. Dr. Yuthana Sethapramote, researcher, said that the study on ?Determinants of Return and Volatility Spillovers in the International Equity Markets? revealed that international transmission of major international exchanges volatilities was illustrated by the global financial market risks proxied by risk indicator (VIX Index), commodity prices (oil and gold) and difference in onshore and offshore interest rates. In addition, international trade has caused volatility spillovers; in particular, the spillovers from large economies with large volumes of international trade are more likely. Whilst, it is more likely for economies with high export/import values to gross domestic products (GDP) to be affected from the spillovers. Nonetheless, high volumes of international reserves do not shield the economies from international volatility transmission.


Asst. Prof. Pariyada Sukcharoensin, researcher, said that the study on ?Investment allocation for retirement? unveiled the study on asset allocation for retirement savings in a group of working age investors. The allocation was made among common stocks, bonds, bank deposit and gold in appropriate mix adjustable through life stages. Besides, investment must be achieved by the least amount of money but at the highest probability of success during the investment period and life expectancy after retirement. The paper concluded that everyone should start retirement planning early in order to have longer investment period and more flexible investment patterns with smaller amount for each installment as well as more likelihood to attain retirement goals. Moreover, investment should not be limited only to assets with low volatility because the investment returns cannot outpace the inflation in the long run whereas allocation in assets with more volatility is encouraged in order to improve chances of successfully achieving retirement goals.