Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia

Venus, Khim−Sen Liew and Kian−Ping, Lim and Evan, Lau and Chee-Keong, Choong (2005) Exchange Rate – Relative Price Nonlinear Cointegration Relationship in Malaysia. Economics Bulletin, 6 (11).

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Abstract

The finding of exchange rate–relative price nonlinear cointegration relationship in Malaysia, among others, suggests that nonlinear Purchasing Power Parity (PPP) equilibrium may be regarded as reference point in judging the short run misalignment of the Ringgit currency and thereby deducing effective policy actions. Moreover, economists who wish to extend the simple PPP exchange rate model into the more complicated monetary exchange models may do so comfortably, at least in the text of Malaysia. Nonetheless, such attempt should be tailored in a nonlinear way to suit the nonlinear characteristic of exchange rate behaviour

Item Type: Article
Uncontrolled Keywords: UNIMAS, exchange rate, cointegration, Malaysia , unimas, university, universiti, Borneo, Malaysia, Sarawak, Kuching, Samarahan, ipta, education , research, Universiti Malaysia Sarawak.
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
Divisions: Academic Faculties, Institutes and Centres > Faculty of Economics and Business
Depositing User: Karen Kornalius
Date Deposited: 05 Dec 2013 02:32
Last Modified: 28 Dec 2016 02:48
URI: http://ir.unimas.my/id/eprint/73

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